联合创始人在转型后退出——什么样的退出方案是公平的？
出于明显的原因，我使用了一个临时账户。我是一家获得风险投资的初创公司的联合创始人，目前估值约为2000万美元。我们成功进行了强有力的种子轮融资，组建了团队，推出了第一版产品，产生了收入，最近转向了一个我认为可行的相关想法——但我不再是领导这个项目的合适人选。我的联合创始人对这个新方向充满热情，并希望继续推进。我希望能够干净利落地退出，并保持诚信。
我目前拥有约10%的已归属股份。我主导了早期的融资，几个月来无偿工作，并投入了个人资金。我并不是想最大化我的回报——但我也不想在经过1.5年的努力后空手而归。
我的问题是：
1. 在这种情况下，合理的退出方案是什么？有没有可以使用的公式或规则？
2. 我是否应该保留已归属的股份？未来的投资者可能会将其视为无效股份。
3. 现金买断是否常见或合适？
你会如何以建设性的方式与董事会或联合创始人沟通，以保护长期关系？
我希望听到任何经历过类似情况的人的看法——无论是创始人、投资者还是法律方面的。
查看原文
Throwaway for obvious reasons. I’m a co-founder of a venture-backed startup currently valued at ~$20M. We raised a strong pre-seed, built a team, shipped v1, generated revenue, and recently pivoted into a related idea that I think could work—but I’m no longer the right person to lead it. My co-founder is passionate about the new direction and wants to take it forward. I want to step away cleanly and with integrity.<p>I have ~10% vested. I led our early fundraise, worked unpaid for months, and contributed personal capital. I’m not trying to maximize my return—but I also don’t want to walk away empty-handed after 1.5 years of building.<p>My question:
1. What’s a fair exit package in this situation? A formula/rule I can use?<p>2. Should I just keep the vested equity? Future investors may see this as dead equity.<p>3. Is a cash buyout common or appropriate?<p>How would you approach this with the board/co-founder in a way that’s constructive and protects long-term relationships?<p>Would love to hear from anyone who's seen this play out—on the founder, investor, or legal side.