| Hello fellow HN readers! :) ===========================================
Q: What would you do in this situation?
=========================================== Hope this is
- Deeply interesting (site post guidelines :)
- Helps other people like myself I'm looking for any helpful comments.
Will keep it short and sweet! Note I am a passionate programmer: My purpose is to be creative and help as many people as I can along my path. I love Programming, and I feel it is a satisfying way of filling that purpose. Background
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A start-up company is formed by a master mind sales and marketing strategist. It's based on a Marketing Model that is sure to make a lot of money, while also helping everyone Win. Everyone being; Us, The Company, Referrers, Clients, Sales. 12 Months ago (Feb 2010) a marketing model was being pitched to various people with varying skills and talents. 7 People come together to devote time and energy into a new Start-Up Company (Happy anniversary to me/us :) Team: 7 people started at around same time. Capital: very little Investors: just us, people in team investing valuable Time and Energy. Offered to me: 10% shares, + 2 times my normal wage when company is profitable. Potential: Marketing Model has a lot of potential. Excitement brews. Team is seemingly keen to work together. Great energy flowing. * Fast Forward *
Ok, so it's been a roller-coaster ride, ups and downs :) 12 months later
===============
We have:
- Custom built Web App; CRM, Event Manager, and Marketing Toolkit, Website Generator.
- Marketing Model
- Education via regular Webinars; hosted by professionals in their field.
- 3 dedicated souls with a quest to drive this company to success.
- Some docs that resembles a sales process. Funds:
(-$0) a little in red, income is slightly less than expenses.
Wages so far: $0.00 (not enough profit yet)
Team Members:
3 of 7 Remain, (Marketing, Finance, and IT/Web Programmer)
+ 1 Sales Manager part-time.
Capital: 0
Investors: 0 And Now...
I feel things are way off balance. 3 out of 7 people left and Shares kept going to the other two people where my shares stayed at 10%. Note: $0 have been paid for shares, only clear allocations & transfers so far. How would you feel being part of a team of 3 people, you are a full on dedicated developer, and company ownership is not even mentioned to you, only "we need more features." heheh. And, probably like you, when I focus on work - I pour my soul into it, just like any passionate programmer/hacker ;) ---------------------------------------
Main Question:
1. How to balance this? Ask for more shares?
1.b. What would you do?
--------------------------------------- PS: lots of details not mentioned, trying to keep it interesting and to the point, can go into it if people request. PPS: Yes, there are many possible solutions ;)
I seek balance and harmony. |
If not I'd like to hear their reasoning on this.
I think the three of you would have a higher percentage of the available shares (since some would have been unvested when others left) but still the same number you were originally granted.
Simple example each of you got 10 shares of a possible 70. Since 4 of the people left without vesting you should now have 10 of 30 possible.