Accounts control between co-founders

I'm in a team of 4 people developing an app and recently we've encountered a problem. It's regarding control over the accounts we use for the services we need, for example the Google Developers Console, Firebase etc.

The credentials are known between us all, but we've found no concrete way to protect each other from a potential bad actor between our ranks. For example, although we all know an email/password combination, nothing stops the guy who owns the backup mail to change the password without us having any way to regain control over the account afterwards.

Is there, for example, a way to prevent certain email account actions (such as changing a password) without sufficient authorization from all team members?

submitted by /u/bategjorgija
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Co-Founders trying to screw me up over exit

Hi, I am exiting a pre-incorporated startup(in India) and has trouble going through the legal terms Co-Founders have put forth for me to sign. I have no money or connections to get a lawyer to look into it. Anyone familiar with these issues, please help me. Do note that there were no co-founder agreements (yes, I screwed up big time) or exit strategies agreed to before.

The following are the terms that I have confusion with.(Here Second party is me and First party is my Co-Founders.)

1)The second Party shall not in any case or circumstances, disclose the functioning of the Company, the responsibilities, the nature of the work that was allotted to the Second Party, the flow of the work and anything that is related to, and circumstantial to the functioning of the Company.This disclosure is meant not to be disclosed on any media including but not limited to print media, social media, magazines, YouTube, Instagram, Twitter, and Facebook.

2)That the Second Party upon the execution of the Agreement bounds and restricts itself and shall refrain from mentioning to anyone, any company, any competitor, any official of other company the name/title he has held with the Company. The Second Party shall not use the name and title held by him in the Company on any of his document inclosing CVs, cover letter etc

  • Is this legal? Does this mean I cannot even say that I worked for such a startup to anyone ever! I would have liked to cite my time working for this startup as experience in future jobs.

iii) The First Party reserved every right to file any kind of suit if the Second Party defaults in the fulfillment of obligations numerated in this Agreement. iv) The Second Party shall not have the right to file any kind of suit whether directly or indirectly against the company or the First Party in any Court of law

Is this also legal? Nowhere in the document has my rights mentioned. Don't I have the right to file a suit against them if my name or time in the company is used to maliciously defame me?

Please let me know your opinions on this. I would want a bit of confidence in signing this document.

submitted by /u/RaM_cee23
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Finding resourceful co-founders?

Hi. I'm a full stack developer and I reached a point in time where I think it would be much more valuable for me to work on my own projects instead of client projects. I have experience in building diverse types of web-apps and I have plenty of ideas, however I am very much lacking in the marketing and management sector of business. Ideally, I would be looking for someone with a good professional network, digital marketing experience, etc. to start a project together. How would I go about finding a person like this? Most people I know are very comfortable working in traditional environments, with a steady paycheck and would seldom think about adventuring in building a new business. Hope this reddit community can share a bit of insight in this problem, for me and other newcomers alike. Thank you.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

how did you find your co-founders?

Hello, everyone,

I am currently working as a software developer for a medium sized company but I have had the desire to start my own business for a long time. But somehow I have not managed to realize my wish until today. The main reason for this is that I would like to have one or two co-founders, which I could not find until today. Since I am an experienced developer myself, I could also develop an MVP on my own, but I would be happy to have a second developer or a UI designer on board. Unfortunately, there are simply no people I know in my environment who would come into question. So I wanted to ask you how you managed to find your co-founders. Had you already started working on your product / project before you found your co-founders? I also had the experience that people first agreed to join with the promise that they would acquire the necessary skills, but then dropped out after a while. Most of them are very impatient about the topic and expect results ready for the market after only one month. Meanwhile I think that I should stop looking for a co-founder now and just keep working on my idea, so that maybe something will come up in time. What do you think? What was your way to start your own startup?

submitted by /u/freshbanks3131
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Help me ; Co-Founders might be conspiring to kick me out with zero incentives

Hi, I co founded a startup in the SaaS sector with 2 others. I joined when I was approached by them to be a cofounder several months ago. Since then I have contributed money, time and effort to make it work just like them. We had been struggling a lot to develop the tech and get investors, but now we are close to getting funds. We've had zero revenue since there is no final product as such and requires the investment to move forward.

This is when they start accusing me of doing no work. My duties revolve a lot around grunge work – trying to get clients,doing the menial work, making a lot of documents etc.. I would say my contribution in work would be 15% and in money would be 25% till now.

I have a feeling that when the investment comes, they'll just cut me loose without anything. We haven't signed any equity documents yet.

How can I proceed in this situation? Any legal ways to demand my share of equity/money even if they decide to drop me out?

submitted by /u/RaM_cee23
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Should I look for co-founders?

Hello everyone!

Sometimes ago I started being interested in building a digital platform. I talked with a friend which I knew was reliable and could help me with its knowledge and we were interested to start the business together after we graduate. Unfortunately for me, he got a internship offer in Amazon and he will probably get a full-time offer he won't reject at the end of the internship.

From my point of view having someone else on-board working on your side is an occasion to discuss things and find more solutions to problems (you know 2 brains work better than 1), but I know really few people which take things seriously and fewer that have the technical expertise to be a good fit. None that does not have an offer in some company already.

Moreover, I'm in a geographical position where fundings are rare (with current crisis even more utopian) and my personal resources are really limited. So I can't afford to hire people.

So, should I look for co-founders? If yes and none of my acquaintances wants to join, how?

Thanks in advance!

submitted by /u/Danver97
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Can’t help but think that co-founders would totally throw me under the bus… but I don’t want to miss out on this awesome product

So a little background:

  • we're all university students
  • I'm the main tech lead and I'm nearly done ALL the work for building our MVP (still not released)
  • I'm not technically a co-founder, but so far it has been structured as a 5-way split among the initial team members.
  • the two co-founders always have secret meetings about "product" and then come back to the rest of the team essentially saying "we changed the idea, this is how it is now" without giving me or the other devs/designer a say at all.
  • they've been in talks with "pre-product" investors for the past week and think (I'm doubtful) that they're going to land something like 200k for <10% equity without an mvp or anything. they plan on taking fall off from school if it happens

One of the co-founders is nice to me and tries to explain his thoughts the best he can, but the other one is kind of an asshole… Keeps on saying that if the company starts getting funding that "him and <other co-founder> are irreplaceable because they've had the vision of the product for years" and that he's concerned that if they hire better devs then it would look bad to an investor that a dev like me has 20% equity. I suppose that's a valid concern, but I am confident that I'm one of the best developers out there, and I'm also certain that I could take on a more managerial "CTO" role — and he should be aware of that based on what I've done so far.

Overall, I'm just worried about this guy's tone: we've never been "buddies" like what I've seen with other startup co-founders. If I felt like he was my friend, then maybe I'd be more confident that he wasn't trying to replace me all the time.

But I am their main dev right now — if I go, they won't know what to do at all. Although recently I've been thinking that this whole thing would be so much easier if I did it alone. I've also had some concerns about whether the product will sell, but I'm holding back from leaving because of FOMO. Not sure if I should just cut ties and work on another project or if I'm being overly sensitive/skeptical.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Serious Red Flags With Co-founders. How To Proceed?

I'm not going to go into too many details and I'm likely to delete this message after I've gotten my consensus from the community. I'm gonna give my situation (position), then scenario I'm in. Let me know what you think?

About me: 1. Main tech cofounder 2. AI + Web + real-time financial systems 3. Last 5 months developing quant app

Here's the gist of the situation I'm in:

  1. I happened to find a highly connected team that is filled with a bunch of non-technical people.

  2. They want to build a financial app, yet they don't know what they want. They're asking for things, yet don't think them out. Then raise a fuss.

  3. I've been working on a particular app then changed directions in the last month because they complained. Yet, see point above.

  4. Met them online. They allude to a structure outside of the company, yet ultimately aren't giving much information outside of my percentage of equity.

  5. There's another dev that cant deliver the same amount of time and i found out his equity from him. He was fairly honest.

  6. If i ask them what the structure is they say "doesn't matter, stay in your lane. Everything is taken care of. "

  7. The fact that they hide so much bothers me. It makes me feel like I'm just a grunt that's nothing but a tool to them, and that I'm getting the short end of the stick.

  8. The above point alone is making me reconsider them as a group. My thought, why care about sharing information if there's 0 stake? Sharing info will take 30 mins. Basically zero effort.

  9. I have code I've yet to share because I don't fully trust them. They aren't doing things to get me to trust them. The things I want are clarity and transparency.

  10. I've been thinking about quitting them for weeks because they've yet to do the necessary things to get things straight.

There's more information than this that I'm not sharing. I'll leave things here for now. How should I proceed forward?

submitted by /u/kivo360
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Startups – Rapid Growth and Innovation is in Our Very Nature!

Thoughts and opinions on forcing co-founders to have a prenuptial agreement and COLI?

Cofounders (none of us are married) and I recently added (via our lawyer) resolutions to our bylaws that mandate that all co-founders have a valid and binding prenuptial agreement.

We also mandated that all co-founders be covered under a company-funded but company-beneficiary life insurance policy.

We were all in agreement and it went smoothly, but interested to hear your opinions on the matter. COLI is pretty standard, but we didn't get a clear idea of whether a prenup was standard for co-founders.

submitted by /u/IndependentTart
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Startups – Rapid Growth and Innovation is in Our Very Nature!

“The Prime Minister was very curious about our project”: Interview with Deedmob’s co-founders

Multiple volunteering initiatives have popped up globally during the coronavirus outbreak. Individuals, businesses and communities are willing to lend a helping hand for those in need. But how to coordinate and manage effectively such a huge number of volunteers and projects?

That’s where Deedmob comes in. Deedmob is a social tech startup founded in 2017 that helps more than 1,500 organisations in Europe with the deployment and organisation of volunteers. At the beginning of the corona pandemic, they launched Coronahelpers.nl – a coalition of over 150+ local organisations including municipalities, corporates and charities to coordinate help requests with volunteers. In the first three weeks alone, over 700,000 people have been reached and over 3,500 people were helped via the platform.

We spoke with Deedmob and Coronahelpers founders Boudewijn Wijnands and David Furlong about volunteer coordination and management, their recent call with the Dutch Prime Minister and their recommendations to entrepreneurs going through the corona crisis.

Hi, Boudewijn and David! Thank you for joining us. Could you tell us the story of Deedmob, where did the idea come from?

We came up with the idea of Deedmob 3 and a half years ago when we were both studying at Oxford University. One day we were brainstorming about current world problems and how we as a society could contribute to solving them. We realized that one of the biggest points of leverage people can have in their life and career is what they spend their time on. Discussing two polar choices – going all into something or doing nothing – we came up with the middle choice, which was spending some time outside your work on projects that you find important. We noticed that a lot of volunteering activities were not catered towards young people demanding long-term commitment and were not digitally-friendly. We decided to change the volunteering experience and make it more appealing for the younger generation with Deedmob.

You have recently launched the Coronahelpers platform. What is it and how did you start it?

We launched the platform on March 16. That day, we had a usual Monday morning meeting where we briefly discussed whether we should do something about the corona crisis. We came up with the idea and instantly decided to make it happen. On the same day, the whole team put in a joint effort and by the evening, the platform and the website were ready. For the next two weeks, we kept making necessary adjustments, working late evenings and weekends. During that time, we got more than 150 professional partners getting in contact with us asking how they could contribute with their volunteering efforts: Municipality of Utrecht, TomTom, KPMG, Red Cross and others.

What makes Coronahelpers unique?

What makes us stand out compared to other volunteering platforms is the fact that we are experts in volunteer coordination and management. There are a lot of challenges in handling thousands of requests and making sure that right people meet each other. Thus, it was natural for us to use our expertise we had developed and apply it to this problem.

The platform started in the Netherlands. Are you planning to expand to other countries?

We have already launched it in the UK, Germany and Belgium and we are expanding soon to Italy, Denmark and the US.

Last week only, you spoke with Dutch Prime Minister Mark Rutte, State Secretary of Economic Affairs and Climate Change Policy Mona Keijzer and Queen Maxima of the Netherlands. What did you talk with them about?

The Prime Minister was very curious about our project and our learnings about the way other countries are dealing with the corona crisis and helping their citizens. He was very supportive of our initiative as well. It is actually quite unique that a Dutch startup is mobilizing people to help each other replicating this model internationally.

What are the three most popular services provided by Coronahelpers volunteers?

The top three requested services at the moment are: grocery-shopping for high-risk groups, dog-walking and medicine pick-ups. Grocery shopping is the most popular request since the delivery services are currently overloaded with orders.

How is the Coronavirus crisis impacting your business?

On the one hand, our impact has increased gigantically by reaching and helping thousands of people. So far, it is the biggest impact we have made as a company. On the other hand, like any other startup, we are experiencing a decrease in the revenue stream and in the number of new clients. Everything has been put on hold. Overall, we have been affected financially but from the impact perspective, we have helped a lot of people.

What recommendations would you give to entrepreneurs and company founders to survive during the corona crisis?

It is vital to be flexible in order to change your business or the way you do things permanently or temporarily. Another important aspect is the way you deal with adversity if things go bad. It is also crucial to be fair with your employees. We are having a difficult job market at the moment, so instead of laying some of them off, an option might be offering reduced salaries or cutting other business costs. For instance, we reduced some non-essential software costs to reduce burn rate.

What are the next milestones for Deedmob and Coronahelpers, and where do you see the company in 4-5 years from now?

We are a technology company and our core mission is to build the technology that solves challenges around volunteering coordination and management. In 4-5 years, we strive to become a de facto solution for volunteering data management. Regarding the Coronahelpers project, hopefully, it will end as soon as the corona outbreak is over. However, we see a lot of different disasters happening around the world and our platform can be a solution to capture and engage the good-will of people in such cases. We hope that this momentum of people willing to help one another will carry on even after the crisis. If we can facilitate that with our technology and help local initiatives thrive further, we will have a very sustainable and impactful business.

 

 

 

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