🦄Dividing the Skin of an Unkilled Unicorn.

The most expensive startup mistake happens in a cafe on a napkin when two friends say: “50/50 split?”

🤝 This destroys the business before it even starts, and now we’ll show you historical failures:

📉 Eduardo Saverin (Facebook)
At the beginning, he didn’t sign a proper vesting agreement or anti-dilution protection. As a result, Zuckerberg legally diluted his stake from 30% to 0.03% simply by issuing new shares. In the end, Saverin reached a settlement and regained a stake that was valued at $4-5 billion when Facebook went public. Without the lawsuit, he would have been left with nothing.

👻 Reggie Brown (Snapchat)
The third co-founder of Snapchat, who came up with the idea of disappearing photos. He had no written contract. He was simply kicked out of the dorm, passwords were changed, and he was told goodbye. He had to fight for his $157 million through grueling lawsuits. Otherwise, he would have received billions 💵

Friendship is great, of course, but business requires proof.

How to avoid their fate?
Read in part two⤵️