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VC Deal Negotiation — co-founder leaving before cliff

Started by frustrated_worker_2022 · Jun 28, 2022 · 2,457 views · 1 reply
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
FW
frustrated_worker_2022 OP

I'm in a difficult situation and trying to figure out my next steps.

co-founder leaving before cliff. I've been dealing with this for about 4 weeks now and the situation isn't improving.

I have already consulted briefly with a lawyer but the other party is not cooperating.

What's the typical outcome in situations like this?

TL
Mod_TermsLaw Moderator

I specialize in this area of law. 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.

The practical consideration here is cost vs. potential recovery. For disputes under $10K, small claims court is often the best route.

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