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0 pointsgkoberger5y ago0 comments

I agree we don't know the whole story. But this is the version of the story that puts the OP in the best light, and still, my overall impression is it just seems like it's not worth it.

What's the best case scenario they could get out of it? Maybe 6% equity, or maybe a $10k severance. But going after a company with no revenue and only $40k in the bank doesn't really seem like the best use of anyone's time, energy or money.

There's minimal available short-term value, and litigation/fighting will sharply blunt any potential long-term value.

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mattmaroon5y ago

Well, one possible case scenario is that OP’s contract does not allow his cofounder to fire him, or fully vests if he does. He can this tell his cofounder to pound sand and his cofounder will have to realize that his options are 40% or 0%. If he believes the company has a bright future, he’ll take the deal. There’s a very real chance OP gets much more than 3% or 6%.

Or there’s something better that I can’t think of because I’m not a lawyer who deals in this and don’t know the specifics.

It’s just bad to give really any advice here, which is part OP’s fault really because he should not be asking a lawyer rather than Internet randos.

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