Thursday, 19 February 2009

Founders wanted to help founders

Every now and then we come across founders who are rather sore. They started a business with a partner and shared the equity 50:50 using an off-the-shelf company only to find that things didn't work out (see the post on Boomerang Founder). We thought we might commission some standard legal docs which we could then give away to anyone starting a business which might set things up a little more fairly. Obviously people would be wise to take legal advice, but often they don't at that stage. What I'd really like to find is some people willing to be quoted on an announcement about these legals to explain their experiences of falling out with founders and why they'd want to use something more robust another time. If you know anyone who fits the bill perhaps you'd ask them to get in touch.