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Fundraising: One of our founders is going on sabbatical and his 25% equity share is now up for grabs. How should the rest of us co-founders deal with this?
CR
CR
Chris Remus, I launch, fix and optimize projects and workflows. answered:

I was a founding partner in a venture that had three other partners, so there were four of us in total. One of the partners ended up leaving the company and we had to decide what to do with his share.

We found the simplest approach was to divide his share evenly among the remaining partners. This helped us reestablish a baseline from which we could make other decisions from a firm foundation, reducing the number of variables in a situation that can already be complex by nature and can increase exponentially as each new variable is introduced.

Best of luck and always happy to discuss further on a call!

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