I met my cofounder in Jan 2018. He had an idea for a company that was based on a user platform. I had an idea for a machine learning model that then became our biggest selling point. Proprietary data was licensed to me in December 2018 (no company existed at this time) and I finished the machine learning model in April 2019. I wrote a huge document detailing every step I took in the modelling approach, of about 50pages. I also wrote other documents describing the company’s business model and the shape of the market. In may 2019 we register the company as 50-50 split. During August and September I began feeling pushed out and realised we were not a good fit, and I have expressed I wasn’t happy. Recently he told me he was able to negotiate a term sheet and wanted to buy me out or offer 25K worth of shares. The company was evaluated in 6.5M. What should I do? I believe the work I have done belongs to me , not even the company. I could even register my own IP and try to fundraise by myself but at the same time I have lost too many sleepless nights over this and I feel it is draining me out. I don’t want to be an obstacle, so I am willing to negotiate something fair. I know he used the documents I wrote to show the technical details of the ML model while fundraising without even letting me know.. What could be fair in this situation? Should I dissolve the company and go on my own? Should I negotiate a buyout - and how much? He also told me the investors don’t want to talk to me because they don’t see me as a critical part of the business, which makes me really mad. I think this is ridiculous (sometimes a bit of recognition can facilitate lots of the negotiations but that is not happening here). I am inclined to think I deserve 10% of 6.5M but at the same time I don’t want to say something that puts off any investment? I want my contribution to be recognised fairly.
Comments URL: https://news.ycombinator.com/item?id=21678720
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