Early investor Denis Grosz sued Toptal LLC for $2.6M in damages and legal fees over denied equity conversion.

Early investor Denis Grosz faced $2.6M in damages and legal fees after a lawsuit with Toptal LLC, a software startup. Grosz invested $1M in 2012 and sought equity conversion when Toptal transitioned from an LLC to a corporation, but the company allegedly denied him. The case highlights tensions between Silicon Valley startups and early investors, and could signal more disputes in the future.

April 24, 2024
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