Quote:
Originally Posted by hotwired  Hi
Nice work, "cleaning house" so to speak. It appears to me that you have the ability to see the truth, and not "believe your own ♥♥♥♥♥♥♥♥♥", which is immensely valuable. That being said, I encourage you to set your own terms here INDEPENDENT of his beliefs and demands. In other words, make ammends based on waht YOU feel is right, not based on his demands or what HE feels is right. |
Re-reading this advice really helps me because since the post some new issues have developed.
I offered him $10,000 as a symbolic gesture of a good relationship, as I mentioned on the voicemail I left him. Obviously, that was too little for him - he knows that the corporation has around $90,000 in its saving account so he asked for $30,000. He feels that is fair in regards to what he contributed in order to kick start his work again. The thing is, if I was to be completely true to myself - he is right. He probably does deserve $30,000.
If I were to give him the "title" of Co-Founder back, my concern is that would be enough juice for him to go to a lawyer and simply demand profit-sharing. Since the title of a co-founder implies a heavy share of the profit iirc.
I should do this on my terms - not his though. So I think we compromise at $20,000. What he contributed in the past is really irrelevant, in my present opinion. I think it would be fair if I gave him $20,000 now and then not pay him anymore until he demonstrates a fair ability to work on the site, take initiative for ideas, and a willingness to be flexible and develop other avenues with me - obviously, taking what we learned to have clear partner agreements for the next time.