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I think I`m a co-founder

 
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ed01

posts: 7

Sep 29, 2008 1:15 PM ET    Quote  Report Abuse
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I wasn`t sure where to put this so I put it here.


Hi everybody, I`m new here and I`m in need of some guidance. It`s a long story so make yourself a sandwich or get some popcorn or something.


I should start off by saying that I`m a student, and the business this is about is pretty tiny, though very dear to me.


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.


The premise was to start an online forum for the discussion of an upcoming un-announced product that both of us knew would create a lot of buzz and that we knew we could tap into. He was going to try to be the first to modify it in a specific way and post instructions on the forums to get everybody to go there, but we needed something to start bringing people in until then, so I was to start blogging regularly to build traffic.


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 won`t disclose that). I told him not to, because if we could make it work then it would really be profitable. I was right, too, in a way.


(Keep in mind that I didn`t know how, so I had to teach myself good blogging skills.) At one point he insisted that he pay me for my writing since I was doing so much, and he wouldn`t take no for an answer. It certainly didn`t amount to anything; I could`ve made more working at WalMart.  Meanwhile, he spent his time doing things that didn`t bring much traffic in at all. Occasionally he`d have an event that would bring in massive amounts of traffic, but they wouldn`t stick around long and it would fall on my shoulders to continue "holding up the truck" while he did the background tinkering with the website and trying to think up other events.


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, and school makes blogging regularly even more difficult.


My problem is this: 


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.


I`m feeling pretty lost. I spent most of the last year and a half or so doing nothing but try to grow something I thought I helped create, and now I have nothing to show for it.


I hate to quit. I`ve spent so long on this, and now I`m un-enthused with college and I don`t know what else to do with my life. I was hoping that this would be my career, but I don`t want to keep slaving away for nothing, and I feel like I can`t work for him after he snatched this away from me. I`ve tried talking to him, and he won`t have it. All of my friends agree that I`ve been around since the beginning, but he insists that he asked me to join a week after he had been working on it and had set everything up.


I know I`m a co-founder, but he holds all the paperwork.


Is there anything I can do? What can I say to make him change his mind?

CraigL

posts: 9051

Sep 29, 2008 3:29 PM ET    Quote  Report Abuse
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Could you draw up some paperwork together as a partnership agreement? That way if the site does get large, you`d have a case that you`re a founder and/or partner.

If not, then leave. If you`ve been writing that much, you might want to consider a career as a writer. You might be a freelance writer, content writer, or stay in school but change majors toward language and communications. You could likely do well as an editor, copy-editor, freelance editor or journalist.

You likely should quit now, I think, as any additional work you put into the site, based on your post, won`t generate any return for you. If the site`s about to get big, but needs a little more time, then if you leave there won`t be any more content. At that point, reality will arbitrate and show who`s done what in regard to development.

A similar thing happened to me in a band, once, and I learned a hard lesson. When everyone`s broke, everyone`s friends. But when the money starts pouring in, friendship begins to take on different definitions.

On the other hand, I believe that past a certain age, maybe 50, people tend to realize that relationships are more valuable than money. Unfortunately, at 20, we don`t really understand that value of relationships as well.
Webline

posts: 687

Sep 30, 2008 5:58 PM ET    Quote  Report Abuse
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I`d walk away from it. At least you know what you`ve done, whether he`ll admit it to anyone else or not, and maybe you have some insight to use for your own projects in the future.

And ...... maybe you not continuing to "hold up the truck" will get him thinking, as well.


-------------------------

M Hall
Website Critique Community
International Society of Curmudgeons


houseofjerkyjanie

posts: 1150

Sep 30, 2008 6:01 PM ET    Quote  Report Abuse
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It`s a shame.  The need for some type of written contract in the beginning might have helped.  But, it really doesn`t sound very good for you now. 
 
Good luck, with whatever you decide to do!
 
Janie
stonesledge

posts: 1093

Sep 30, 2008 9:46 PM ET    Quote  Report Abuse
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An attorney could be a start.

-------------------------

Our Goal Is Your Success!
Founder Girls with Goals
houseofjerkyjanie

posts: 1150

Sep 30, 2008 10:23 PM ET    Quote  Report Abuse
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True,... but he said he could have made more at Wallmart, so it might be difficult to hire an attorney. They are not cheap! It`s his heart and soul that`s in this. 
 
How are you, Erin? Active day on Sun, isn`t it..
 
Janie
stonesledge

posts: 1093

Oct 01, 2008 12:36 AM ET    Quote  Report Abuse
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Hi Janie, I am well. How are you? Folks have been raving about your jerkie. If he is correct and the company is now successful, if I am reading correctly, then it would be worth it right?
 
Erin


-------------------------

Our Goal Is Your Success!
Founder Girls with Goals
ed01

posts: 7

Oct 01, 2008 3:59 AM ET    Quote  Report Abuse
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It`s mostly stable, but "success" in this case is a little hard to determine. It is turning a profit now, but it`s not big money (although he`s gotten more than I have). I`d still make more money at walmart, but that`s not the point.


Ideally, I`d like recognition, but I`d also like some job security, and something to ensure that as things become more profitable I`m not left out in the cold. I`d also like around 30% of the profit if the website is sold, and the right to expand out into my own projects under the website`s brand. Does that sound doable? How should I get started?


As for me walking, I`m not happy with that. I can`t afford to start up anything else, and this is a once in a lifetime opportunity. If I leave now I`m pretty sure I can be replaced, and I can`t just let him replace me. Sure I could get a job somewhere else, but the pay would be worse, and I want this one. I`ve invested too much into it emotionally and otherwise.


I don`t understand why he doesn`t understand. I mean, I`ve been around since before he had money to pay me. The agreement was that as more money came in, I`d get more money per story, but every time I say I want a percent, he just says "It`s complicated". There has to be a way I can put that in writing in a way he`d agree to...

Kodakmak

posts: 48

Oct 01, 2008 3:21 PM ET    Quote  Report Abuse
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Ed01,
I agree with everyone else: You should drop it put your nose to something worthwhile.
 
If you decide to stay with it, then get a lawyer. Try to collect all the contributions you have made to the "idea" from the beginning. Assemble them with dates attached. Maybe, if you can PROVE that you sustained the business with your contributions (labor, money, concept, etc...) from the beginning, with the understanding that you would gain profit through the business, a lawyer might be able to make a case that would entitle you to a share in that business. But you will need a considerable amount of proof.
Just the thought of legal battle might motivate him to reach a settlement with you.
It is a shot in the dark but I hope it works out.
Kodakmak10/1/2008 3:26 PM
CraigL

posts: 9051

Oct 01, 2008 8:56 PM ET    Quote  Report Abuse
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There`s No Such Thing as a Once In A Lifetime Opportunity!

It`s taken me 50 years to completely understand the fundamental truth to that statement. I`ve argued up, down, sideways, and into alternate dimensions to disprove it, but the fact remains.

Never let yourself get trapped in a bad situation only because you believe you have a one-time only, lifetime opportunity! If it`s a bad situation, then it`s more often a learning situation. If it`s a great situation, it`s also a learning event, but also something to be happy with and to enjoy.

What you`re doing, as argued in your above post on this page, is rationalizing a bad investment. You want to throw more good effort into a decaying situation, hoping that "somehow" things will turn out better. It goes back to that definition of insanity: doing the same thing over and over again, hoping for a different outcome.

Either talk to this guy and give him the bottom line, that you want 30% of the company, signed as a contract, or come to terms with the fact that nothing is going to change except for the worse. :-) It`s just...life, y`know? And human nature.
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