silvyas

Thanks! Exactly what I'm looking for.

Interesting- most people don't say to go w/ a lawyer to start. Cooley has been great so far in consults. I thought Clerkly had tools for post-raise though?

What did you end up going with?

That's what I thought at first too. But it's a new/fun product and it's way too risky for them to do that.

Story: I learned recently we're "doubling down" and "going hard" on a space. What that meant was 4 years of internal discussions to finally decide to commit to building a feature Facebook has had for 5 years already.

No way they're going to move fast enough or commit hard enough to make a team out of this. At best VP wants to advance their own career by showing up with interesting ideas.

I shared it with close colleagues bc it's a fun product to use for happy hours and game nights. And the direct user feedback was invaluable. It's fun/silly and doesn't fit with big tech vibe so I didn't expect anybody high up to care about it.

NPS was really high and it spread around the company naturally. Was all fine until this one VP made a big deal of it and now my entire management chain knows.

Thanks all- btw I'm looking for stories from people who've been in similar situations. I want to settle this with soft skills first.

For more context: yes the goal is to sell it to said big tech company (or quit and raise VC). We have some traction but we want a lot more users so we can ask for more $$.

I don't think the company will make this a new product and make me VP. It's a risky bet and big tech doesn't move that fast.

Thanks for the "get a lawyer" advice- that's a clear course of action I know how to pursue. I'm looking for real stories of how other people have handled this w/o legal.

I think there are other options available and I want to understand them. Thanks!

Absolutely, selling would be ideal. Basically I want more time to build it out and get customers and be in a stronger position to ask for a larger sum. At that point I could sell or raise. But I definitely don’t want to kick start an internal competing project.