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by skoutlabs 4552 days ago
Having gone through this, I would immediately read through your operating agreement, and any other operating documents. I went through same process, having numerous well documented discussions with cofounder.

If you wait to long, and your cofounder feels a threat, they may beat you to the punch.

After doing more than a million in revenue in our first 3 quarters and hiring a team of 15+, I was fired. A clause in our operating agreement allowed for this to happen, even with equal equity.

I encourage you to act quickly and very accurately in order to alleviate any risk of your partner taking action against you.

Good luck. I sincerely wish you the best. As messy as it gets, stay honest, stick to the points, and don't overreact in your defense. It will all work out as long as you diligently work to resolve the issue.