Question: I founded a hardware startup in 2000. We have not had an exit yet, but it’s been successful. We have 9 VCs who invested in us and 4 are on the board. I am thinking about starting another company, because the idea is worth it. What would be the VCs point of view on […]

Question: What happens if two founders hit a crossroads and they are not able to agree on the strategic direction of the company prior to institutional funding and decide to separate? Is there an easy way to split the company at this point given that there are no hard assets? What rights does each party […]

Question:  We have recently discovered that our business partner is an alcoholic.  He is integral to our business and we need to find him help.  He’s been to a couple of AA meetings, but doesn’t like the “atmosphere.”  Any recommendations?  I don’t expect you to provide recommendations for treatment facilities. However I am interested in […]

Question:  I have seen two pre-funding startups that have had 1 of 2 and 2 of 3 of the original founders quit. Neither of these companies had founder buy-sell agreements.  In the latter case, the 3 founders had split the company equally which means 66.7% of the ownership is now outside and passive. Fortunately, they […]