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Cap Table Question — angel investor wants board seat

Started by SeniorDevMike_PDX · Aug 31, 2023 · 3,650 views · 13 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
SM
SeniorDevMike_PDX OP

I'm in a difficult situation and trying to figure out my next steps.

angel investor wants board seat. I've been dealing with this for about 16 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What's the typical outcome in situations like this?

FT
first_time_parent_NY

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

FT
first_time_business_owner_2025

I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.

CC
confused_contractor_WA

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

NH
need_help_buyer_IL

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

IG
InsuranceGuy_FL

I've seen this play out several times in my field.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

JC
just_curious_worker_advice

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

WB
worried_business_owner_NC

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

HM
help_me_seller_2022

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

JC
just_curious_employee_legal

This happened to me too. Have you tried filing a complaint with the relevant agency? In my case they investigated and it got resolved without needing a lawyer.

SM
SeniorDevMike_PDX

I've seen this play out several times in my field.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

NB
newbie_buyer_2022

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

FP
frustrated_parent_2024

NAL, but from what I've read, you should document everything. That said, definitely get a lawyer to look at the specifics.

NB
newbie_business_owner_CO

Following this thread — I'm in a very similar situation. Would love to hear how it turns out.

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