October 13, 2008

Co-founder or Employee ?

We know about the saying : "Grass is green on the other side" but we cannot not always think Green...When there is a small team , there are bound to be some differences but these small differences should make the atmosphere better and bring out the best results out of us smile

However as I mentioned in one of my previous article , many times it is very important to figure out the BAD INTENTIONS, else it would become so late that you can neither continue nor leave the startup!!! And even if you continue, there is every possibility that "You would not get the ROI for your efforts "[What if you are compelled to leave prior to the completion of your vesting period because there are 101 reasons that can be made up for you to leave...]Came across a very interesting question[or should I call a real life scenario] , which was posted on StartupNation titled "I think I'm a co-founder" -

A few years back a friend told me about an idea for a website he had. He said he thought he could make some money from it, but he needed someone to help him and he asked me if I knew anyone who would be interested. I suggested myself, he agreed, and things got started

His plan never worked out, but I continued to blog, at one point so much that I was rarely leaving my house.At one point, he became so disheartened with how things were going that he told me he was considering selling the website. He told me that for my work he'd give me half of what he could sell it for, which he figured would be a pretty large sum. I told him not to, because if we could make it work then it would really be profitable.

The site has slowly grown into a small but fairly successful website. I'm still "holding up that truck", but I'm arguably a little less important now.

Since then he's been getting a lot of media attention and meeting a lot of people who have been very successful at doing the same thing. But now he's calling himself the founder of the website. He refuses to acknowledge that I did anything more than help him as a friend, and that now I'm nothing more than his employee.

Well,before such an unavoidable situation is encountered, check out the eye-openers here, here, here & here

Labels: , , ,


At Oct 13, 2008, 11:52:00 PM , Anonymous Anonymous said...

Dost dost na raha... :)

At Oct 14, 2008, 10:28:00 AM , Anonymous Himanshu Sheth said...

I think you need not be ANONYMOUS :) Well,many times we feel a guy is friend but he is not and especially not in Business :) (Yeh sab tumhe tab pata lagega jab jeb mein kuch nahi bachega...Aur woh din jaldi hi aa raha hain)

-Himanshu Sheth

At Nov 4, 2008, 4:19:00 PM , Anonymous meet thakkar said...

this problem comes only when u trust people too much.... but, but,but............u gain more than what u loose by trusting people rather by not trusting and saving/protecting :)

At Nov 4, 2008, 4:25:00 PM , Anonymous Himanshu Sheth said...

Thanks for your insight.Well,only when you trust someone,than you enter into such kind of a relation[Remember it is like a Marriage :)].

And we try to build a relation, we always think of having a Win-Win kind of a situation, rather than loosing :) But,yes when we finally are out of such a relation, when we think about it "We might have gained lot of things from it"...Remember these learnings would make us more cautious in future !!!

-Himanshu Sheth


Post a Comment

Subscribe to Post Comments [Atom]

<< Home