throw_away_100

Should I be talking to our company lawyer (which my co-founder knows personally before we started) or another who knows nothing of the situation?

I took a very small salary (min wage) to get by and pay bills, not much else in return for equity. My co-founder has already offered to sell our software to another company for ~$10k which is why it's not an easy choice to give shares away for me. I may have to come up with a number that makes sense.

There is a lot more to it than just traction, but I'd rather not get into it. I didn't mean to suggest that was the sole reason of me leaving. I'll be talking to a lawyer soon, thanks!

To be clear, the new company is in a completely different market and will not be competition. They want all the shares back and I guess I will need to get something written up from a lawyer soon. Thanks for the info!

To make things clear, the new company is in a completely different market, and we would not be competing. Anyways, I don't think I signed a non-compete and didn't see anything about it in our agreement paperwork. We are not based in California.

When you say split the difference in shares, what do you mean? Give back 1/2 my shares? Is there anything I should request in return as far as compensation for the shares? I don't think they are worth anything today.