network profile
| bio | website | |
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| location | ||
| age | ||
| visits | member for | 10 months |
| seen | Jul 7 '12 at 17:39 | |
| stats | profile views | 1 |
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Jul 7 |
comment |
Primary founder has conflict of interest but wants to retain equity position without quitting day job? Thanks Kekito. we have received funding and are moving forward. Our startup will be calling on my current employer (as a vendor) and if we are a vendor to a competitor my employercould see that as facilitating competion so would be an issue with COI. Our current option is for me to not be named as an agent but for the start up to have in their charter the option to offer me a future role in the company for X percent (my equity agreed with the mgt team). This way if it does take off I can join later - but I may have a big tax bill T joining based on valuation. Another ideas? |
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Jul 7 |
comment |
Primary founder has conflict of interest but wants to retain equity position without quitting day job? Tom - thanks for the answers above. I have considered all those options and there are a few issues with each option. If I stay, it is in the direct industry of my current employer and we would be calling on them so they would likely find out thru industry news. I have asked my employer in vague terms and they did feel like it would be a conflict (very conservative company). And I don't have the funds to live on for a prolonged period so quitting is not an option. And, we have already received $200k from investors so abandoning the startup not an option either. |
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Jul 7 |
awarded | Student |
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Jul 6 |
asked | Primary founder has conflict of interest but wants to retain equity position without quitting day job? |
