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The key question is if you're critical to the ramp and success of the new businesses. If the answer is no, then message that to all investors (existing and new): We're pivoting, here's why the new direction is good for the company, and, to make sure we have the right leadership on board, you will transition out and your co-founder will bring in a new leader who is critical to the businesses. If the answer is yes, think hard about what you want to do. If you love the team and want it to succeed, then gulp it, stay on, raise, help out for a year or so until the business is in motion, and then leave. DO NOT leave a month or quarter after the raise. If you really don't want to be there, then be honest about that with your co-founder and investors and let them decide the best path. DO NOT lie or hide with investors. It's not only unethical, it could be illegal and they could sue you for misrepresentation. Companies aside, money is aside, this is a testing time for your personal values as a leader. Decide what they are and stick to them. |