Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago

MODERATORS

communick@indiehackers.space

Need some advice.. (alien.top)

submitted 1 year ago by testing04321@alien.top to c/entrepreneur@indiehackers.space

2 comments fedilink hide all child comments

I own a growing software based service company (top 3% of fastest growing companies in US). I'm one of the original co-founders and own a majority of the organization. However, I don't have a passion for the work that I'm doing nor do I care for my board of investors for various reasons. I have a couple of questions:

What are my options to liquidate my shares? Are there ways to do that without giving up equity? What are you experience with raisings series A rounds of capital? Have you 'toughed it out' until an exit to keep peace with the board?

you are viewing a single comment's thread
view the rest of the comments

[–] Ok-Suit1420@alien.top 1 points 1 year ago (1 children)

What role(s) do you currently serve in the organization?

If you own a majority of the organization, why not just bring in someone board approved that can fill the role you are in right now? You retain everything from shares to equity.

[–] marcelDanz@alien.top 1 points 1 year ago

I would second this idea. Why not extract yourself from the operating business and turn into a shareholder only? Or would you like to not have anything to do anymore with this company? In that case, you can search for company evaluation and sell your shares to someone else.