How to exit the start up that I co-founded ?

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How to exit the start up that I co-founded ?


Last year I cofounded a startup with 2 other partners. We agreed that I would be the CEO, and the other founders would serve as CFO and COO. Our start up is doing okay for (~$10k in contracts, despite the fact that all the founders are working part time). We still haven't fully defined our MVP, market, or business plan, so we haven't raised money from investors.

Over time I realized that my cofounders and I have different visions and they're are other things that I would like to focus on. I decided that I wanted to exit. I told my cofounders that I wanted to exit and possibly dissolve after we finish our current contract. I suggested dissolving because I created ~95% of the IP that company is built off of, and me leaving puts them in the bind of trying to develop and sell a product that they don't understand on a fundamental level.

My cofounders said they wanted to keep going, which is fine, however I'm not so sure how to handle the IP. We never signed a technology agreement that assigned all IP to the company, so technically it belongs to me (especially since I developed everything with my personal devices). I'm not sure what to do because on one hand I want these guys to be successful if they continue on, but on the other hand I don't think it would be fair for the company to take off under my original ideas/ work and for me not to get compensated. What is the best approach to take in this situation?

submitted by /u/SpacecadetShep
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