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You are and you will be an employee. Ask to get fully compensated for the previous 8 months and if not, leave right now.

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Let this for a lawyer or judge to be decided. Besides this, this was not the question if he is an employee or not. He can be an employee AND have equity.

It is extremely easy to dilute ownership of equity. If double crossed, I would not fantasize about ownership. I would run away, if possible in good terms (paid for all previous work). Life is too short.

A well drafted contract can not prevent dilution but can make it very difficult do "dilute you out".

Currently all the balls are in his court. He could even demand "undiluteable" equity. I don't know what to expect from his start-up. But why just walk out with nothing when all the cards are in your hand?

The startup is pretty solid, thats why I don't want to leave. Our beta hardware and software has around 20000 beta testers and is profitable

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