I am a co-founder of a small but growing digital ad agency that’s grown from about $400k to $1.2m turnover in 3 years. Despite only receiving about $18.5k as cash investment from the majority holders (and at end of the 2nd year). I have the smallest equity by the way despite it was my idea and am the one running the company. Now they are talking with some agency group for partnership and am not involved! I am considering calling it quits. What do you think?
Questions
My majority stake partners are discussing a business affiliation without sharing details with me. Fair?
7 answers from the community
A· Feb 25, 2014
Geez man, yeah, maybe. 18.5k investment on 400k turnover gives up a controlling interest? Can I interest you in some bridge investments?
A· Feb 25, 2014
Oh, but if you go, wind it down classy. No beefs, no backstabbery. Don't get fucked, but don't burn bridges. Bad for business.
A· Mar 2, 2014
Thanks for the advice about not burning bridges..in anger..lol. Tnx.
A· Mar 2, 2014
Sure you can. How do we message..anonymously?
A· Feb 25, 2014
Sounds like you made a shitty deal, bro. Learn and move on to the next.
A· Feb 27, 2014
Yep, they got too much equity they may be Vulture Capitalists who consider the idea creative founder to be prey they catch, eat and shit out when done.
All the more reason to leave in Class if you go. Make sure they know of your concerns in writing. If your partners do not wish to discuss in emails or with witnesses around watch out, that is a sign they want to be able to deny.
@kaffegeek
A· Mar 8, 2014
Are you really asking strangers online for such a crucial issue (which doesn't have all details stated btw)? You don't need us, you need a good lawyer!