Indian Startups Community

by Jordon Nadeen

a year ago

My cofounder is planning to quit , we have a preseed termsheet in place

Obviously i wouldnt sign the deal anymore Just asking here ,if i should convince him to stay or just wind up everything? Reason for his leaving: We have been struggling for an year & despite now raising a preseed ,he is afraid that the next two years might be with struggle & constant disappointments Should i try to convince him by painting an optimistic picture or should i just accept that he is a redflag & just move on in life Please don't troll, I dont have enough energy to fight trolls today

Kendall Carmden

Stealth

a year ago

He is a red flag. Not the kind of partner you want to build with. Building is hard itself, why complicate it by building it with someone who isn't as crazy as you about the future? I've been a 2 time founder with over 6 years of entrepreneurial experience, happy to chat :)

Anise Denver

Student

a year ago

Aren't you broke? No offence, you just spammed GV with your looking for a job post. To each his own bro, its better to let those go who wouldnt stay for their own reason. Stop calling the guy a 'leech' man.

Jordon Lee

Stealth

a year ago

Not broke but desperate after 6 months of doing nothing :) have spent over 10-15 lakhs in the last 1 year alone out of my savings. Never called him a leech lol. There is just no point building something with someone who doesn't have the same vision - have gone through what the OP is saying so I know how it plays out in the end.

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Dezi Carmden

Stealth

a year ago

It is not an easy decision. I have similar friends whom I have to motivate time and again, but deep down I know we aren't compatible through I want to enjoy my startup journey with him as his is my childhood friend and understand me. If you like, share your startup vision and idea at larp.web4.@gmail.com, I will be able to help for free. I understand the pain.

Coy Lee

Stealth

a year ago

Hii acknowledge i am also looking out for HR job role if u could refer me will great help for me and glad to contact you and share experiences

Karilyn Lee

Stealth

a year ago

Send me CV and LinkedIn id on that gmail.

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Anise Taye

Stealth

a year ago

This happens all the time,your friend must have thought a lot before making his mind and now,it will just be waste of time if you're trying to convince.let him go,buy his shares and find someone to fill up his space - not necessary a co founder and run the show alone.we all are capable of more than we think.all the best

Matilda Denver

Stealth

a year ago

Hii If you have any lead or opportunity for HR in ur organization like openings plss recommend me

Kendall Lee

Independent Law Practice

a year ago

Do you guys have a Founder's agreement in place?

Dezi Dean

Nothing

a year ago

yes we do, nothing is vested yet

Jordon Carmden

Independent Law Practice

a year ago

What are the provisions for termination? Honestly, if he gives up all rights to the project and you think you're confident you can handle it alone, I don't see a harm in him walking away If the Agreement has provisions that allow him to retain certain rights inspite of leaving... That might be a problem you'll have to consider

Anise Carmden

Stealth

a year ago

Hey - would you be open to connect. In a similar position but we have already raised our round and are at the verge closing the company( still have 70% of the money in bank)

Karilyn Carmden

Nothing

a year ago

not sure if i will be able to add any value I am more than happy to have a chat