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SAFE Note Question — option pool shuffle diluting founders

Started by first_time_employee_help · Jul 25, 2024 · 1,942 views · 8 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
FT
first_time_employee_help OP

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

option pool shuffle diluting founders. I've been dealing with this for about 12 weeks now and the situation isn't improving.

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

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

FT
frustrated_trader_today

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

SA
seeking_advice_creator_help

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.

NH
need_help_parent_2024

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.

TL
Mod_TermsLaw Moderator

Attorney here. 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.

I'd recommend documenting everything in writing from this point forward. Keep copies of all communications.

EA
EstatePlanner_AZ

I've dealt with this before.

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

TI
throwaway_investor_2022

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

FK
FreelancerKate

I've dealt with this before.

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

AF
asking_for_friend_renter_question

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.

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