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by matt_the_bass 3115 days ago
If they need a new cofounder after 3.5 years, then to me is sounds like they failed and need to start over. If so, then aren’t you really on the same footing as the original cofounders and deserve the be on par with them? If not, are you really a cofounder or just a valuable hire.

I understand the there has already been dilution so you’re not starting from a clean slate. But there is nothing preventing them from reassigning some of their stock to you.

1 comments

"But there is nothing preventing them from reassigning some of their stock to you"

This will actually result in a tax event valued at the company's value no? This is the reason they offered ESOP in their claim.

That’s a good point. Though if they need a new founder rather than a key employee, there maybe an argument that the shares current value is close to 0.