Quick background on my situation — any input appreciated.
VC demanding 2x liquidation preference. I've been dealing with this for about 12 months now and the situation isn't improving.
I have already done some research online but did not get a clear answer.
What are the risks if I pursue this? What's the likely timeline?
I've dealt with this before.
What worked for me was having everything documented. It took 3-6 months but was worth it.
I had a similar issue and ended up consulting with an attorney. It was worth the $200-300 for the initial consultation just to understand my rights.
I've handled similar cases. Here's my take on the legal issues.
The legal framework here involves both federal and state law. At the federal level, the relevant statute. Your state may provide additional protections.
You should consult with a local attorney who handles these cases. Many offer free initial consultations.
I went through almost the exact same thing.
In my case, it took about 3-6 months to resolve. The key was having everything documented.
Been there. Here's what I learned.
What worked for me was having everything documented. It took 3-6 months but was worth it.
I've dealt with this before.
The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.
I went through almost the exact same thing.
In my case, it took about 3-6 months to resolve. The key was having everything documented.
I went through almost the exact same thing.
The biggest mistake people make in this situation is escalating to a supervisor/manager. I'd recommend following the formal complaint procedure instead.
Been there. Here's what I learned.
What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.
I went through almost the exact same thing.
The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.
I've seen this play out several times in my field.
The biggest mistake people make in this situation is filing with the appropriate government agency. I'd recommend gathering evidence first instead.
Have you tried reaching out to your state's consumer protection office? They sometimes have free resources or mediation services.
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