GrubMarket faces trial against alleged co-founder seeking 10% stake in company - San Francisco Business Times

San Francisco food delivery unicorn GrubMarket is facing a lawsuit from a man who claims he's owed 10% of the $2 billion company.

The case centers on a contract Nathanson alleges Xu signed with him in 2014, according to Nathanson's complaint. That contract is the basis on which Nathanson claims to be an equity partner, co-founder and the vice president of business development of GrubMarket Inc. According to the signed contract attached to the plaintiff's complaint, Nathanson's employment began in April 2014 and lasted for three months, during which he received a monthly contract payment of $2,500. The contract states that Nathanson would receive 10% of the company's equity once the company raised $500,000 in funding but accuses GrubMarket of not informing him when it met that milestone.

In its initial response to the lawsuit, GrubMarket said that Nathanson did not “satisfactorily” perform his role and that he was too late in filing his claim.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Winners named for the 2022 BayAreaCIO ORBIE Awards - San Francisco Business TimesWinners were revealed at the awards event, held September 9 at the Hyatt Regency Santa Clara.
แหล่ง: SFBusinessTimes - 🏆 78. / 68 อ่านเพิ่มเติม »

Swathi Bonda joins Lendlease as Senior Vice President - San Francisco Business TimesShe will lead development of Hayes Point at Market and Van Ness streets.
แหล่ง: SFBusinessTimes - 🏆 78. / 68 อ่านเพิ่มเติม »

Stacy Blanchard of Accenture - San Francisco Business TimesMeet the Business Times' new class of Most Influential Women in Bay Area Business.
แหล่ง: SFBusinessTimes - 🏆 78. / 68 อ่านเพิ่มเติม »

Small businesses expect a recession, but hiring plans remain robust - San Francisco Business TimesAfter navigating the pandemic, supply chain headaches, a labor shortage and soaring inflation, most small businesses are confident they can weather a recession — and they do believe one is coming.
แหล่ง: SFBusinessTimes - 🏆 78. / 68 อ่านเพิ่มเติม »

Samantha Palmer Amgen Ventures - San Francisco Business TimesMeet the Business Times' new class of Most Influential Women in Bay Area Business.
แหล่ง: SFBusinessTimes - 🏆 78. / 68 อ่านเพิ่มเติม »