New ask Hacker News story: Ask HN: Co-Founder Conflicts of Interest
Ask HN: Co-Founder Conflicts of Interest
4 by throwaway922738 | 0 comments on Hacker News.
Hey all, Had a random question for HN. About a year ago I started a business with my co-founder. He has taken the sales and CEO role of the company while I have taken the CTO and CFO role of the company. About 6 months ago we raised a small seed round from a prominent investor and speaker in our industry. At that time we decided we were going to take $X salary amount for the foreseeable future. During this time our business has grown substantially to about $1M a year in arr. Where the conflict arises is my cofounder has recently gotten the opportunity through our investor to do some paid speaking to help build his brand, and our company’s brand as well. Where thing get conflicting are it sounds like my co-founder wants to pocket these speaking engagements and not run them through our business. Is there some typically best practice here? On one hand I totally get going above and beyond and getting paid for it, on the other hand I’m not submitting a few more PRs and asking for a bonus because of it either. Where do people usually draw the line? What happens if my co founded expenses a bunch of stuff as part of this opportunity but then pockets the proceeds of doing the engagement into his own bank account? Definitely new waters here and I want to tread lightly.
4 by throwaway922738 | 0 comments on Hacker News.
Hey all, Had a random question for HN. About a year ago I started a business with my co-founder. He has taken the sales and CEO role of the company while I have taken the CTO and CFO role of the company. About 6 months ago we raised a small seed round from a prominent investor and speaker in our industry. At that time we decided we were going to take $X salary amount for the foreseeable future. During this time our business has grown substantially to about $1M a year in arr. Where the conflict arises is my cofounder has recently gotten the opportunity through our investor to do some paid speaking to help build his brand, and our company’s brand as well. Where thing get conflicting are it sounds like my co-founder wants to pocket these speaking engagements and not run them through our business. Is there some typically best practice here? On one hand I totally get going above and beyond and getting paid for it, on the other hand I’m not submitting a few more PRs and asking for a bonus because of it either. Where do people usually draw the line? What happens if my co founded expenses a bunch of stuff as part of this opportunity but then pockets the proceeds of doing the engagement into his own bank account? Definitely new waters here and I want to tread lightly.
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