I along with 3 other people created a concept for an innovative Ecommerce platform as part of a 5 week startup pre-incubator. We had a great run and on demo day we won the audience and panel of investors favorite vote. Now that we have a promising offering, branding, soft prototype, wireframes and meetings with investors lined up my teammates are saying they no longer want to work with me and are moving forward with the venture without me.
I have tried to reason and compromise with them but they refuse to come to any arrangement that involves me as part of the company. They expressed no problems with my performance during our time together, but in fact repeatedly praised me for my work. I believe that they simply want the control and equity and have joined forces to push me out.
I have pretty much given up on the idea of reconciling because my former teammates have proved to be dishonest and untrustworthy, so I feel like my best option is to leave the project with a percentage of founders equity.
I have a couple of questions that I would appreciate any help in answering:
Do they have the legal right to take over the venture and intellectual -property we co-created without my consent or permission?
What percentage of founders equity should I request? Keeping in mind there are 4 original founders (1 has now chosen to take a back seat until further notice because of his demanding full time job), 2% equity goes to the incubator program and that I am being forced into this position against my will.
What clauses should I be sure to spell out? I know that I will request the same dilution as the other founders, but are there any other specifics I should be sure to spell out?
Thanks for taking the time to read this. I have no experience in this arena and am fighting a 3 against one battle so any advice would be very helpful.