u/InternetOfKim

Hi everyone,

I have been building a deep tech company for close to 10 years, it had its ups and downs, but i currently find myself misaligned with the board and having a hard time. I am no longer CEO and have about 15% equity. I stepped down as CEO about 1 years ago ago and I had 3 years vesting at that point. I would now like to exit in the best way possible keeping as good relationships as possible and start a new company. However if I resign I will loose abt 50% of my stock. I’m pretty sure the other VCs agree that I can move on as some board members are passive aggressive towards me and trust between me and board is very low, I would like to do this in a healthy way, however I am afraid to initiate as I loose too much equity. The VCs have forced many changes that I have spoken up about, I still believe in the company and would want as much equity as possible given the situation. Anyone have any good advice on how to approach this and particularly how VCs view such situation? Any way I can position myself into a non-operational role, I still bring lots of value and are to some extent still seen as the face of the company externally and sit on the board.

Some info on the company, VC backed valued at $40M, not cash flow positive and needs to raise in 6-9 months, current investors seems willing to bridge.

Thanks for any insight that helps resolve this challenging situation.

Hi everyone,

I have been building a deep tech company for close to 10 years, it had its ups and downs, but i currently find myself misaligned with the board and having a hard time. I am no longer CEO and have about 15% equity. I stepped down as CEO about 1 years ago ago and I had 3 years vesting at that point. I would now like to exit in the best way possible keeping as good relationships as possible and start a new company. However if I resign I will loose abt 50% of my stock. I’m pretty sure the other VCs agree that I can move on as some board members are passive aggressive towards me and trust between me and board is very low, I would like to do this in a healthy way, however I am afraid to initiate as I loose too much equity. The VCs have forced many changes that I have spoken up about, I still believe in the company and would want as much equity as possible given the situation. Anyone have any good advice on how to approach this and particularly how VCs view such situation? Any way I can position myself into a non-operational role, I still bring lots of value and are to some extent still seen as the face of the company externally and sit on the board.

Some info on the company, VC backed valued at $40M, not cash flow positive and needs to raise in 6-9 months, current investors seems willing to bridge.

Thanks for any insight that helps resolve this challenging situation.