I have already read many of the posts here about this topic and I got very good insights already but I was hoping to get some tailored advice for my situation.
I have been working two years in a startup as co-founder and I am now leaving because I disagree with the other co-founders on many vital subjects like business vision, business strategy, company culture and investment strategy.
It's been a very hard decision but given that for the past 6 months or so I had to fight for every little thing I wanted to do and all we have been doing was arguing about everything, I felt like taking a leave was the only right thing to do.
Now the best bit: what to do with my shares? I've got a significant stake (a bit less than a fifth), the company has been incorporated in the UK and we signed a shareholder agreement with no vesting in place.
The company will apparently get to finalize the seed round (we have been self-funding until now) in a few months.
My leave is very recent and so far we are still friends but when we started to discuss what to do with my equity I felt things were getting a bit dodgy.
I politely proposed that we apply a kinda retroactive vesting so that I can keep the shares I have already earned but they see me owning some shares as a problem when dealing with further investors.
The option they are discussing now is to leave me with a ridiculous amount of equity (<1%) at that is it.
To be honest, I don't want to hold on to my equity, I'd be happy to cash it out whenever they close their seedround or I am open to do it in trances if they don't have enough cash.
I haven't talked to a lawyer yet but I was thinking to do it. I have no experience with attorneys and I was wondering if it's common for them to give free advice and charge a commission at the end of the transaction. Unfortunately I am broke so I cannot afford to pay legal fees.