angel investor wants board seat — sharing my story

I publish illustrative scenarios prepared by my practice. All participants and conversations are fictional. The fictional posts are not posts by real users, accounts of client experiences, or reports of actual results.
Illustrative scenario prepared by my practice.
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
Hypothetical question

Looking for advice on a legal issue. Here's what happened.

angel investor wants board seat. I've been dealing with this for about 4 weeks now and the situation isn't improving.

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

What are the risks if I pursue this? What's the likely timeline?

Illustrative response

So basically following this thread — Bookmarking this. Dealing with almost the exact same thing haha.

Illustrative response

NAL, but from what I've read, you should send a written demand. That's the general rule anyway, exceptions exist.

Illustrative response

Have you tried reaching out to your state's attorney general? They sometimes have free resources or mediation services.

Illustrative response

The #1 mistake I see here is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

Illustrative response

Been there. Here's what I learned.

Most folks screw this up by is having everything documented. I'd recommend keeping a detailed timeline instead.