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Co-Founder Equity Split — angel investor wants board seat

Started by TechStartup_Founder · Feb 12, 2026 · 628 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.
TF
TechStartup_Founder 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 5 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?

TL
Mod_TermsLaw Moderator

I specialize in this area of law. 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.

You should consult with a local attorney who handles these cases. Many offer free initial consultations.

IG
InsuranceGuy_FL

I've dealt with this before.

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

SB
SmallBizOwner_NYC

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

I ended up escalating to a supervisor/manager, which cost about $1-3 but saved me a lot more in the long run.

FK
FreelancerKate

I've dealt with this before.

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.

CA
ConsumerAdvocate

I went through almost the exact same thing.

The biggest mistake people make in this situation is having everything documented. I'd recommend keeping a detailed timeline instead.

NB
newbie_business_owner_FL

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

JC
just_curious_employee_2022

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

CM
ContractorMike_CA

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

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

LT
LandlordTom_TX

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

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

CT
CryptoTrader_2023

I've dealt with this before.

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

HM
help_me_homeowner_2023

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

CA
ConsumerAdvocate

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

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

AF
asking_for_friend_dev_OH

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

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