9 years ago
Co-founder feuds at L.A. tech start-ups show how handshake deals can blow up
Two Stanford University undergraduates shook hands in their dormitory in early 2011, agreeing to partner on what they hoped would be the next big technology start-up. But as their dream came true, their simple exercise of trust became a liability when one co-founder was dumped. A flimsy foundation of oral OKs, napkin scribblings and youthful haste, it turns out, is a dangerous mix. And a common one.
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