> If someone invested time and skill then they should also retain some diluted equity in my opinion.
Not without a vesting schedule and certainly not at an undiluted figure representing 20% of a company six years later.
If anything, absent contracts and documentation, OP would be lucky if he could secure an early termination fee based on the one-year, pre-money valuation of the company during which he worked. My senses tell me that said amount, if awarded, would not cover the legal fees involved.
This would be akin to Pete Best asking for a full share of the Beatles' catalog.
Not without a vesting schedule and certainly not at an undiluted figure representing 20% of a company six years later.
If anything, absent contracts and documentation, OP would be lucky if he could secure an early termination fee based on the one-year, pre-money valuation of the company during which he worked. My senses tell me that said amount, if awarded, would not cover the legal fees involved.
This would be akin to Pete Best asking for a full share of the Beatles' catalog.