Comment by takklz

Comment by takklz 4 days ago

5 replies

My two cents…

1) They buyout the shares. If they don’t want to do that then…

2) Sell the company.

If either of these can’t happen the company is dead and everyone parts ways. It’s as simple as that. No free rides here.

tptacek 4 days ago

What? No. A departing founder doesn't necessitate either a buyout or an immediate sale. This happens all the time.

  • takklz 4 days ago

    Sorry, you’re right. There should be a third option

    3) You keep the shares and hope for the best outcome. (If they don’t want you to then go back to 1 or 2)z

    • tptacek 4 days ago

      No, you don't.

      • takklz 4 days ago

        You don’t keep the shares?

        • tptacek 4 days ago

          You don't have recourse to force a sale, buyout, or wind-down of the company.