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Equity Crowdfunding — option pool shuffle diluting founders

Started by newbie_tenant_today · Nov 6, 2023 · 2,098 views · 6 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
NT
newbie_tenant_today OP

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

option pool shuffle diluting founders. I've been dealing with this for about 10 weeks now and the situation isn't improving.

I have already done some research online but the other party is not cooperating.

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

SA
seeking_advice_seller_question

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

TL
Mod_TermsLaw Moderator

Attorney here. Here's my take on the legal issues.

The key question is whether the applicable statute of limitations has run. Depending on your jurisdiction, you typically have the relevant statute years for this type of claim.

One important thing — there are strict deadlines for filing these claims. Don't wait too long.

EA
EstatePlanner_AZ

Not a lawyer, but I have direct experience with this.

The biggest mistake people make in this situation is hiring an attorney to send the initial letter. I'd recommend being patient with the process instead.

JC
just_curious_trader_2026

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

OD
OpenSourceLawyer_Dan

Been there. Here's what I learned.

I ended up having everything documented, which cost about $3-6 but saved me a lot more in the long run.

TA
TenantRights_Advocate

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.

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