network profile
| bio | website | |
|---|---|---|
| location | ||
| age | ||
| visits | member for | 11 months |
| seen | Jul 17 '12 at 9:21 | |
| stats | profile views | 15 |
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Jul 17 |
awarded | Scholar |
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Jul 17 |
accepted | Fired from startup, vested equity |
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Jul 17 |
comment |
Fired from startup, vested equity Thank you for your help. |
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Jul 15 |
comment |
Fired from startup, vested equity Isn't that illegal (bypassing shareholders by reforming the company)? If that option were readily available, it seems like the fabric of business in this country would dissolve. |
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Jul 13 |
comment |
Fired from startup, vested equity My thought is: I don't want to sell today, only to have the remaining team raise a round tomorrow at a decent valuation. They've been hounding us to diminish/sell our stake; I've heard the 'big piece of nothing vs small piece of a big pie' story over and over, now (their argument is that the 'cap table is screwed up' because of this, hence my question #2) My goal is to see if I can reasonably expect to be able to hold until a semi-profitable exit sometime in the future. |
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Jul 13 |
awarded | Supporter |
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Jul 13 |
awarded | Editor |
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Jul 13 |
revised |
Fired from startup, vested equity added 12 characters in body |
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Jul 13 |
comment |
Fired from startup, vested equity Thank you for your reply. While in the incubator program, we got a ton of traction and hype from investors, so it was pretty shocking for all of us to have been fired like this. Right now I'm trying to figure out our best course of action. |
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Jul 13 |
comment |
Fired from startup, vested equity I am in the US. Luckily, the other developers and I have full-time jobs or startups on the side, so we aren't starving.. |
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Jul 13 |
comment |
Fired from startup, vested equity There were other developers - we were all summarily fired when the prototype was finished. The IP was assigned to the company. We also have two patent applications, also assigned to the company. Together we own just under 50% of the company. |
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Jul 13 |
comment |
Fired from startup, vested equity I was taking no pay, only equity, to develop the prototype which got us into an incubator/angel program. Worked on it for several months until it was ready to show off, then got fired. |
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Jul 13 |
awarded | Student |
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Jul 13 |
asked | Fired from startup, vested equity |
