If I’m sued for personal debt can they take my shares ?
I defaulted on private student debt a long time ago. It’s a long story why, but mostly I’ve worked overseas since then and although my credit has recovered, the statute of limitations has not depleted and I could still be sued for it. Since then, I’ve started a company with 2 co-founders. We’re incorporated overseas,…
How did you get back to full time job after failed startup?
My startup is not doing well & I would like to go back to a full-time job after having left job more than 4 yrs ago as a lead developer. I did not raise any money, I can still code & I am above 40yrs old. I applied for a few jobs (putting last 4…
Bad hiring decisions lead to mass layoff
I started my startup 4 years ago. At the time I didn’t know much about tech and although we are profitable we experienced massive scaling issues. I now hired a new team and replaced my whole previous team (10 people) with better ones. The process took 8 months and was rough for all sides. The…
How to Fail
Being in the tech industry, I wanted something that was actually more fun and that I could pass down to my kids later in life. My wife was always adamant about owning a children’s retail store. I did a lot of research on the market, determined what it would take financially to start off, read…
How to repair investor relationship?
We got accelerator funding and were doing well for awhile. Got burned out. Going to shut down now. I didn’t stay in touch with investors like I should have – always thought I’d have better news at the next update. How do I repair the relationship in case I need funding in the future?
What are the chances of an e-commerce startup in Africa (with traction) raising a seed round of $500k?
I’ve been running my company for 2.5 years now, we have a GMV $350k, MRR $31K, CAC $0.4, etc. but we have been trying to raise a seed round for $500k for over a year now and it’s getting tiring. I am almost at the point of just giving up fundraising since we sell an…
Can my co-founders do this to me?
Can my co-founders, of a BVI (British Virgin Islands) company vote to sell the company IP to a new company they start without me to kick me out? Classic case of co-founder issue where my co-founders are threatening me out without a meaningful compensation.
I helped close a 9 figure raise … got nada. Is my company taking advantage of me?
I played an outsized role in my company’s recent fundraising round (a big one – 9 figures, late series). I was recognized for my achievements and praised by the entire executive team. Although we engaged an external firm for support (at a hefty expense), I did much of the core work. When we closed the…
Co-founder wants new equity structure after going full-time and bringing in an investor
For the past year, i’ve been working with my co-founder on a start-up. We split the company 51%-me and 49%-him. Both of us were employed until now, doing the startup along with our job. My co-founder brought in an investor now and wants to go full-time on the startup while I will still be working…
Someday I’ll tell you the full story of my company
Someday I’ll tell you the story of everything I did to keep my company up and running, to give it a chance at being the company I believed in my heart it could be, to give it a chance to do the good it was intended to do. Someday I’ll tell you about how I,…
What if a well-connected local VC has a poor opinion of me?
A few years back, I worked for a startup with a micromanaging CEO. 1-2 women in the office would typically be the focus of his ire. He’d nitpick their work to death, especially regarding design (logo sizing, different layout styles, backgrounds, etc). While he sometimes had a point, it was almost never an salient point….
My cofounder is sleeping with an employee and lying to me about it.
A couple of months ago I noticed my cofounder was too protective of a new employee – who was in all fairness doing a good job but not flawless. In fact, the flawed part is hard to swallow for me: I have caught her lying, blaming coworkers for her shortcomings, being careless with money (so…
Let the Business die to get away from these “Partners”?
1 year ago, I entered into a handshake partnership with 4 guys who I had previously done commission based work for. We meet, I talk about what I am currently working on (This related to the commsion work I did for them prior) they offer “partnership” 2 months later, we begin this startup. I was…
Am I a deadweight in my startup?
I and another friend started a tech startup 3 months ago – we worked on the idea, refined it, started the implementation and hired the full-time people needed. However, I am working on it all part-time. Now we have around 10 more people working in a full-time capacity. I’m still doing it part time because…
My 50-50 cofounder won’t respond to any emails or texts after I chewed him out over email. Trying to split up, but can’t work things out with non-responsive person.
50-50 co-founder situation. I’ve done 99% of work for 8 years and brought on a co-founder in a new venture with him where he promised to bring in $200k financing and sweat equity. He’s done pretty much nothing and puts his head in the sand when issues come up and shirks responsibility. I can’t take…
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