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Cake day: October 29th, 2023

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  • hamilkwarg@alien.topBtoStartupsWorth suing co-founders?
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    1 year ago

    Are they trying to keep running the company? Raise money in the future? If they are trying to keep going, a lawsuit would drag them down especially if they are trying to raise. But it sounds like they are just giving up on the company. I can’t see how fucking with a 30% owner would be a good idea if they want to continue. I’m not a lawyer, but I don’t think you even need to sue now. You could wait and see if they continue and have something to lose and then sue the company at which point they might be more willing to settle. But honestly it sounds like it’s a wrap - in which case if there are still assets of value remaining that they want to liquidate or pull out, you could have some leverage to settle. Again not a lawyer but just thinking through where leverage is.