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Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.?
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Started a startup 8 months ago with friend where friend invested money...
Assess the Situation
Firstly, it is important to assess the situation and understand the dynamics of your startup. Consider the following points:
1. Evaluate the equity offer: Examine the equity offer your friend is providing and compare it to the market standard for someone in your position. If the offer is significantly lower, discuss it with your friend and explain your concerns.
2. Analyze your responsibilities: Assess the responsibilities and roles that have been assigned to you. If your friend is giving you a key responsibility such as Sales and Distribution, it indicates that your contributions are valuable to the startup.
3. Examine the intentions: Evaluate your friend's behavior and intentions. If you believe that your friend is acting out of greed and has wrong intentions, it is crucial to address the issue.
Communicate Openly
To secure your position in the startup and address your concerns, it is essential to have open and honest communication with your friend. Follow these steps:
1. Express your concerns: Schedule a meeting with your friend and calmly express your concerns regarding the equity offer and your perception of their intentions. Clearly communicate your expectations and the value you bring to the startup.
2. Negotiate a fair deal: Present your case and negotiate for a fair equity offer that reflects your contributions, responsibilities, and the increased valuation of the company. Consider seeking advice from a legal or financial professional to ensure a fair deal.
3. Formalize the agreement: Once both parties have reached a mutual agreement, make sure to formalize it in writing. Create a legally binding agreement that clearly outlines the equity distribution, responsibilities, and any other pertinent details.
Seek Legal Advice
If your friend refuses to address your concerns or engages in unfair practices, it may be necessary to seek legal advice to protect your rights and secure your position in the startup. Consult with a lawyer who specializes in corporate or startup law to understand your options and safeguard your interests.
Consider Exiting
If your friend continues to act unfairly or refuses to address your concerns, it may be in your best interest to consider exiting the startup. Exiting a situation where you feel cheated or undervalued can prevent further damage to your personal and professional well-being.
However, before making a final decision, carefully evaluate the potential consequences and impact on your career. Exiting a startup at an early stage can have both positive and negative implications, so weigh your options carefully.
Remember, it is crucial to trust your instincts and prioritize your personal and professional growth.
Firstly, it is important to assess the situation and understand the dynamics of your startup. Consider the following points:
1. Evaluate the equity offer: Examine the equity offer your friend is providing and compare it to the market standard for someone in your position. If the offer is significantly lower, discuss it with your friend and explain your concerns.
2. Analyze your responsibilities: Assess the responsibilities and roles that have been assigned to you. If your friend is giving you a key responsibility such as Sales and Distribution, it indicates that your contributions are valuable to the startup.
3. Examine the intentions: Evaluate your friend's behavior and intentions. If you believe that your friend is acting out of greed and has wrong intentions, it is crucial to address the issue.
Communicate Openly
To secure your position in the startup and address your concerns, it is essential to have open and honest communication with your friend. Follow these steps:
1. Express your concerns: Schedule a meeting with your friend and calmly express your concerns regarding the equity offer and your perception of their intentions. Clearly communicate your expectations and the value you bring to the startup.
2. Negotiate a fair deal: Present your case and negotiate for a fair equity offer that reflects your contributions, responsibilities, and the increased valuation of the company. Consider seeking advice from a legal or financial professional to ensure a fair deal.
3. Formalize the agreement: Once both parties have reached a mutual agreement, make sure to formalize it in writing. Create a legally binding agreement that clearly outlines the equity distribution, responsibilities, and any other pertinent details.
Seek Legal Advice
If your friend refuses to address your concerns or engages in unfair practices, it may be necessary to seek legal advice to protect your rights and secure your position in the startup. Consult with a lawyer who specializes in corporate or startup law to understand your options and safeguard your interests.
Consider Exiting
If your friend continues to act unfairly or refuses to address your concerns, it may be in your best interest to consider exiting the startup. Exiting a situation where you feel cheated or undervalued can prevent further damage to your personal and professional well-being.
However, before making a final decision, carefully evaluate the potential consequences and impact on your career. Exiting a startup at an early stage can have both positive and negative implications, so weigh your options carefully.
Remember, it is crucial to trust your instincts and prioritize your personal and professional growth.
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Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.?
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Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.? for Entrepreneurship 2025 is part of Entrepreneurship preparation. The Question and answers have been prepared according to the Entrepreneurship exam syllabus. Information about Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.? covers all topics & solutions for Entrepreneurship 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.?.
Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.? for Entrepreneurship 2025 is part of Entrepreneurship preparation. The Question and answers have been prepared according to the Entrepreneurship exam syllabus. Information about Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.? covers all topics & solutions for Entrepreneurship 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Started a startup 8 months ago with friend where friend invested money and formed a Pvt ltd Company. Now startup is about to launch and valuation of company has increased. Friend is offering very low equity and giving major responsibility of Sales and distribution and possibly kick out after taking intellectual juice from me . It feels he had cheated and having greed over this and wrong intentions, how to secure position in startup ? Or quit and exit with regret of being cheated.plz suggest.?.
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