Last year, we've created a partnership (LLC) and developed a software product that started bringing revenue of about $15K a month after only 11 months of development. One of the partners is an investor who put about $250K and doesn't want to invest into a further product development, which we can bring to a different level should we had another $1M of investment capital.
Is there any way to replace our investor with another one? The partnership agreement states that any decision about the company has to be made unanimously by the board of directors, and he is one of them. He has a substantial amount of shares and bringing additional investor may not make much financial sense.
Anyone has experience with buying out an investor?