News for hackers. Stuff that matters.

cwilstop

there's no non-dilution clause. it's more that this never would have gotten off the ground without him, so we'd rather not knock him low.

One of our founders left with 5% equity vested -- fundraising red flag?

We're looking to fundraise and don't want this to be a red flag, but we don't want to screw him over. Suggestions?The team is fine with his current equity position, but this could look bad to investors. He also put in $10k to support company costs and a year of work. He's a good guy, but there wasn't a full-time role for him any more. Is there a way to leave him with a solid stake while not...

( Read More... | 3 comments | on HN )