[romaster]

The 'unrelated' business idea being the result of the inroads made by you being at current company CEO role and having those customer conversations might be a potential fiduciary issue.

You need to pick someone on the board you can have a candidate initial discussion with and take it from there.

The last thing you want is to start a second co, having thought you figured out the first co, and possibly one day having a disgruntled investor from Co1 come after you claiming you should have invested resourcing from within Co1 towards the idea that you got wind of from Co1 customers... From the trust you built with those customers selling them Co1 solutions.

No I'm not a lawyer. So this is far from legal advice. Just a fellow founder who would be concerned if in this situation.