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One option is seeing is discussing a buy out. If the company is under-funded and on life support, seeing what one can get out of it is might be the best business decision you can make.

Consider:

- write up list of potentially irreconcilable differences that drive you bonkers, keeping list as short as possible

- present list to co-founder, and offer to discuss resolving the list items or one of you buying out the other

- if you can't work something out, be prepared to walk with your equity & cross your fingers for a future payday

P.S. when breaking up, the one with the deeper pockets probably has more leverage.

P.P.S. sorry you are in a tough spot, and I hope you figure something out!



Problem is recapitalization might mean never getting that payday, even if the company does well.

Personally I think such things should be illegal but that’s how it goes...




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