When should a founder quit their start

Here are some simple ideas for terminating a start-up when such a situation occurs: • If you're worried about something that whether you should continue your start-up or not then start by asking yourself these fundamental questions. "Is this a start-up problem, or is it unfit for a start-up adventure?" • Almost all early-stage start-ups are almost around “once a year death” events. If you are a very early-stage start-up and bootstrap, this can happen about once a quarter. It is important to distinguish the underlying problem of Startups from the increasing pain typical of all start-ups. • Founders can be a passionate and eccentric bunch. It might be a particularly difficult scenario to deal with the loss of a vital employee. According to experienced founders, it is advised to stay calm, rational, and objective. If one of the founders is actually insane and fails to handle the matter appropriately, it will almost certainly confirm your decision. • It is important to understand the terms of your contract. If you didn't read it when you signed it, read it now. First, put the Accord under control. Are there any vested (or vested) options? What are the conditions for these options? When do I need to exercise them? What is the strike price? What can be the fair market value of a startup? What is the impact of the tax? Many vesting plans have a "cliff", and many of these only apply if you have been in the company for some time, as equity vesting will not be vested if you retire within the first year. Read about it as much as you can. Find a competent consultant. • Are you already thinking about another option? In this case, make sure you do not violate the terms of the non-compete agreement with the current start-up. Most start-up employees (including their founders) sign some form of non-competition agreement that prevents people from leaving the ship and working for their competitors. The reason for this is clear. • Note: You are not obliged to disclose goals or plans (although this is often raised if you have a good relationship with the team). • Please be absolutely careful not to "reuse" the intellectual property created during employment at the next performance. This is difficult because I feel a personal attachment to all the code I create. This may not be a big deal at the moment, but it could be one later. • Buy a new laptop and migrate only personal files from the old laptop shipped from the company. Needless to say, but anyway, It is important to proceed in the best possible terms (without compromising the critical terms of the transaction). Start-up land is a very small country and the next start-up you go to may somehow know the people of that start-up. Do not break the bridge. Conclusion- Make sure you understand why the opportunity doesn't work. If you have problems with startups in general, you may have the same problems with the next startup. Understand your rights and obligations under a legal contract. And cool your head. Leaving a company is rarely easy. And quitting a startup is often like breaking a personal relationship.