I cofounded a company (have 40%) but I’d like to sell my share — how would you approach this? Asking around, are there websites that help with that?
Hi Pawel, it depends on how your business is structured and what role you have in the company. Normally, first option is given to other co-founder(s), if they want to buy your 40% shares. Secondly, I am sure the co-founder wants to make sure someone with the same skills is replacing you. Also, there has to be a good chemistry between the 60% owner(s) and new 40% buyer.
It’s a German limited liability company with just joint ownership (the other founder is CEO). Thank you for the insight, I don’t think they will want to buy my share that much, as an alternative I can step down as a “cofounder” and remain as a shareholder because that is the primary contract we have.
Yes, that is one option. Or, sell the entire company.
That would be optimal although it won’t be easy because it’s an early stage company and doesn’t have much revenue if any 😁