I'm in a difficult situation and trying to figure out my next steps.
VC demanding 2x liquidation preference. I've been dealing with this for about 13 months now and the situation isn't improving.
I have already done some research online but the other party is not cooperating.
Should I hire a lawyer for this or try to handle it myself?
NAL, but from what I've read, you should check your state's specific laws. Your mileage may vary depending on the specifics.
Yep, this is textbook.
In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.
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.
You could try handling it yourself but honestly a lawyer speeds things up 10x.
Been there. Here's what I learned.
What worked for me was hiring an attorney to send the initial letter. It took 2-4 months but was worth it.