Why? Im merely pointing out how the law works, and that if you want to win a legal dispute, do it when the opposing party has incentive (or better, a requirement) to quickly resolve the issue.
Not sure why pointing this out makes me not a good person to found a company with.
I have separated from a co-founder and I made damn sure we had an agreement in writing defining the terms of the separation. Didn't take much, no lawyers, just a one page agreement, three people each with a copy, all with signatures. All still good friends.
Assuming Jeremy's story is true, then by the time he exercised that strategy he'd already by forced out by his co-founder and was no longer a "teammate".
I don't think it's fair to judge the ethics of a person by how nicely they respond to being screwed over.
So is cutting someone out of a company. My point is that this probably became an emotional issue. If that's the case, it's not hard to see how someone would wait for an opportune moment to assert ownership.
But, since we don't really know all the facts, if this was a mutual parting of ways, then I agree that it's a terrible thing to do.
The bottom line is we really don't know what happened. I can at least see how a reasonable person could walk this path if they feel they've been maligned.
Which side is being more dickish in this case is still very much in dispute, which is why it's going to court.
You seem to be certain one side is looking out for their self interest much more than the other, which you have no way of really knowing because you are just another person commenting on a discussion on the Internet.
Unless you are personally involved in this matter, and know more than what has been publicly reported so far? And even then, how would we know you are not being biased in your judgments by your involvement?
So you are against anyone being compensated at the amounts under discussion?
Which is a coherent, defensible position. Sounded like you were selectively accusing one actor in this dispute as the "greedy" one, which I think is why you got so much push back on your comments.
The company left a liability floating around, which was a disgruntled co founder. Like a liability on your balance sheet.
And if you're the disgruntled co founder, this is your most opportune moment to extract maximum equity value for yourself.
What I don't understand is, if a company did this to another company, people are all like 'yeah, that's how the market works', but when a person does it to a person, they're all like 'you're heartless and not playing nice'. Why the hypocrisy?
if anything, i would say this make it a +1 to start a company with hodoof, atleast he has some sense of contractual/legal requirements imo... its not about being a dick, you and all parties should know what you getting into/not getting into make sure you have written contracts/agreements in place incase something changes
Not sure why pointing this out makes me not a good person to found a company with.
I have separated from a co-founder and I made damn sure we had an agreement in writing defining the terms of the separation. Didn't take much, no lawyers, just a one page agreement, three people each with a copy, all with signatures. All still good friends.