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Ask HN: Have an equity letter from a startup that forced me out. Hire a lawyer?

2 点作者 Gamemaster1379将近 4 年前
So this is a bit of a complicated situation, but I&#x27;ll try to summarize.<p>I worked for a startup in the Sacramento area about 4 years ago. The employers were absolutely awful to their employees. I personally had several workplace violations (unpaid expenses, asked to clock out and work, lack of medical accommodations, etc). During this time, I was forced into working on a social media startup they founded.<p>I was given a preliminary equity letter in my time there -- but they hadn&#x27;t setup all the actual legal for dispersing shares. The document clearly states I had 1 year vested in the startup, though.<p>Fast forward about a year after; I was put on indefinite unpaid suspension -- and I literally had no choice to quit. I was so underpaid, I couldn&#x27;t even afford a week of no pay.<p>After quitting; I tried to hire a lawyer to sue for workplace violations; but explicitly did not pursue the equity because I thought the startup part of it had died out (I was one of two engineers; the other who quit shortly after I did).<p>Today, I found out that the project is still very much alive and has raised over $1 million in crowd sourced fundraising and is seeking another 4 million.<p>I never received any formal outreach from the company, company legal counsel, or any of the founders. In fact, I was quite intimidated from pursuing even my workplace violation at the time because the CEO and COO both, on separate occasions, called me after my employment ended with them and issued me death threats over the phone -- for which I filed police reports n.<p>Given that the CEO and COO used intimidation tactics and did not properly reach out any point on my ability to exercise my equity; do I have any leg to stand on in this situation -- or is the fact that this is from around 3 years ago going to have statues bite me in the ass?

1 comment

davismwfl将近 4 年前
I&#x27;d walk away. There is a point where health and sanity is more important than chasing some bad actors. You are also likely screwed on workplace issues, in CA I believe it is 1 year from the date of the alleged harassment, threat etc. This is pretty common across most states, you have to report it quickly.<p>As for the equity, even if you sue and get your small percentage of equity they would just have a board meeting and create a different share class which in the end will dilute you to nothing (if they haven&#x27;t already). Only thing that might change my thinking here is if they put in writing you had &gt; 10% or non-diluting or something similar, then maybe it might be worth a little time with an attorney.<p>Also, you said you tried to hire an attorney for workplace violations, if you spoke with an attorney and they didn&#x27;t take it then likely you didn&#x27;t have a provable case. Not saying it didn&#x27;t happen etc, just that if they couldn&#x27;t prove it or there were no pockets for them to dip into there is little reason to pursue it from their standpoint and really yours.
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