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0 pointsdtran15y ago0 comments

I didn't realize that he had gone incommunicado. Regardless, I would still try to reach him from any possible form of communication and talk to him.

If he is clearly avoiding you guys while continuing to misspend company money, then I would talk to a lawyer. Did you guys set up any kind of vesting schedule for each of your 20% of the company? It's a fact of startup life that founders will sometimes leave, and vesting schedules help ease the legal mess that ensues.

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NonIdentifiable15y ago· 1 in thread

No vesting schedules, so that makes it all the more hairy from a founder leaving stand-point. At the time we started working with him he was a responsible individual who knew what he was doing. It is only recently that these issues have popped up.

dennisgorelik15y ago

Considering that you do NOT have vesting agreement and have serious troubles in communication with one of key founders -- you should consider your company dead. Try to cut losses: dissolve the corporation, distribute the funds, save your time, and start another company with the remaining founders you trust.

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