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Co-Founder Equity Split — co-founder leaving before cliff

Started by desperate_trader_2025 · Aug 29, 2024 · 1,614 views · 14 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
DT
desperate_trader_2025 OP

Has anyone dealt with something like this? I'm not sure what my options are.

co-founder leaving before cliff. I've been dealing with this for about 5 weeks now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

What are my legal options here? Is it worth pursuing?

TL
Mod_TermsLaw Moderator

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

This is a common situation and the law is fairly clear. Under the relevant statute, actionable.

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

SA
seeking_advice_homeowner_TX

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.

DS
DevOps_Seattle

Been there. Here's what I learned.

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

CA
ConsumerAdvocate

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

The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.

LT
LandlordTom_TX

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.

CT
CryptoTrader_2023

I've dealt with this before.

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

HM
help_me_investor_2026

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.

FT
first_time_homeowner_today

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

AF
asking_for_friend_trader_NY

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.

JC
just_curious_buyer_2023

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

LT
LandlordTom_TX

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.

NH
need_help_dev_CA

NAL, but from what I've read, you should check your state's specific laws. That said, definitely get a lawyer to look at the specifics.

TR
throwaway_renter_2026

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

PJ
Paralegal_Jen

I've dealt with this before.

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

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