I'm dealing with a situation and need some guidance.
VC demanding 2x liquidation preference. I've been dealing with this for about 3 months now and the situation isn't improving.
I have already done some research online but did not get a clear answer.
Am I overthinking this or is this a real legal issue worth pursuing?
I've seen this play out several times in my field.
The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.
Not a lawyer, but I have direct experience with this.
In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.
Not a lawyer, but I have direct experience with this.
What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.
I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.
I've handled similar cases. Here's my take on the legal issues.
The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.
The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.
Been there. Here's what I learned.
What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.
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.
Have you tried reaching out to your state's labor board? They sometimes have free resources or mediation services.
Not a lawyer, but I have direct experience with this.
In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.
Not a lawyer, but I have direct experience with this.
I ended up hiring an attorney to send the initial letter, which cost about $2-4 but saved me a lot more in the long run.
Following this thread — I'm in a very similar situation. Would love to hear how it turns out.
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.
Been there. Here's what I learned.
What worked for me was having everything documented. It took 3-6 months but was worth it.
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.
I've seen this play out several times in my field.
The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.
I've seen this play out several times in my field.
In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.
Want to participate in this discussion?
Email owner@terms.law to request access