Quick background on my situation — any input appreciated.
VC demanding 2x liquidation preference. I've been dealing with this for about 7 weeks now and the situation isn't improving.
I have already done some research online but the other party is not cooperating.
Do I have a strong case? What should my next steps be?
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.
Not gonna lie, 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.
Following this thread — Commenting so I can find this later. Very relevant to my situation.
Been there. Here's what I learned.
Don't make the same mistake I did -- is having everything documented. I'd recommend keeping a detailed timeline instead.
Been there. Here's what I learned.
I eventually got results by escalating/manager. It took 1-3 months but was worth it.
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.