[jdg]

It's dead equity and at some point in most every companies life, it happens.

I wouldn't worry about it too much.

[PythonDeveloper]

Unless he has a non-dilution clause. If he does, it will likely become a very sticky issue with VCs.

[cwilstop]

there's no non-dilution clause. it's more that this never would have gotten off the ground without him, so we'd rather not knock him low.