Convertible Note Issue — VC demanding 2x liquidation preference

I've been trying to resolve this on my own but I'm stuck.

VC demanding 2x liquidation preference. I've been dealing with this for about 16 weeks now and the situation isn't improving.

I have already tried to resolve this directly but the other party is not cooperating.

Has anyone been through something similar? What worked for you?

I've handled similar cases. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

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

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

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

I went through almost the exact same thing.

What worked for me was filing with the appropriate government agency. It took 4-8 months but was worth it.

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

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

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 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 dealt with this before.

In my case, it took about 3-6 months to resolve. The key was having everything documented.

I went through almost the exact same thing.

The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.

I went through almost the exact same thing.

In my case, it took about 2-4 months to resolve. The key was hiring an attorney to send the initial letter.

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.