I helped co-found a company (with 2 others) that isn't in the black yet, I've personally put in at least 30k of my own money and have been in charge of most things. I've recently announced my leave, due to a mixture of financial and personal reasons. The company will be hurt by my departure, but our tech is built and can still succeed.
I generally understand that I can take a buy-out for my shares at current valuation, a payment plan ($ every month), or just a walk-out. (Are there anymore options? S-corp, by the way)
The other co-founders are great guys and I enjoyed working with them - normally I wouldn't mind just a walk-out, especially if I didn't put any $ into the company, but given my current financial situation, it's hard for me to take that option. I'm considering one of the first two options, but given that the company isn't in the black and there's no guarantee that they (or any startup for that matter) ever will be, how do we work that out fairly?
Just wondering what your guys' take was on this, as most situations I've read usually involved someone who either didn't co-found the company, or didn't personally put in a substantial amount of $ into the company. If they were to raise a modest financing round relatively soon, would that also change anything in your opinion?
Thanks in advance!
There are lots of options. You should talk to your partners about it all since it sounds like you are fairly reasonable.
Things to consider
there are others - but those are ones I would consider under the circimstances
All of those options seem reasonable as as @Tim mentioned, you really need to talk with your partners about what's best for them and the business.
My take would be to become a silent partner and put a contract in place to buy back your percentage once the company is cash flow positive.
That seems to be a good way to go about it.
The other option would be for the other two founders to raise some money and buy you out.