biphasic
biphasic on Hacker News
I agree that he wants to rush it before the grant comes in.
Would be great to chat, how can I contact you?
Understood! What do you think of the deal? Is it a fair offer?
Would agree if it wasn't for employee stock pool and first founding round this year which is already going to make the 1% more like 0.65
Agree that 1% is too small. Would be happy with 2-3% plus the cash
> You have already realised the biggest value of that company; lessons about what to look for in a future co-founder, how to run a company and build a product.
Agree with that, I now know what to look for if I started a new venture. Thanks a lot for sharing your story!
I'm interested in coming to an agreement, I have not much to gain in holding on to all my shares.
because he has a 2/3 majority, he can lift my rights for preferential subscription, which means I don't get the chance to buy them. He could issue new shares at a really low price and buy them himself.
I'm trying to push up the stock, but my co-founder is a tough negotiator and adamant
that is correct. The company needs to build a product more or less from scratch at this point
Because he had started to develop contacts one year before and argued that the CEO needs more power, and I was naïve and went with it.
Posted by
biphasic on Sunday January 05, 2025 @05:28AM
from the self-post dept.
I co-founded a deeptech company in France 1.5 years ago with another founder. We both invested €30k initially. My co-founder, who has a business background and is CEO, owns 51% of the shares and has 2/3 of the voting rights, while I own 49% of the shares and hold 1/3 of the voting rights. I have a PhD in AI and serve as the CTO. We pay ourselves modest wages and currently employ three full-time...