Yeah, that would ring alarm bells for me too. If there waqs an actual agreement that the original poster get 20% and then one of the other founders reneged on the agreement, then if i was in that position I would be seriously wondering if I could continue to do business with people who're apparently untrustworthy.
My advice to canhasinternet: you can either accept 16%, or you can insist on 20% and walk away if you don't get it. Whichever you do is up to you. But you should insist on getting a deal in writing and the other founders sticking to it. If they won't do this, they are untrustworthy and you should walk away.
My advice to canhasinternet: you can either accept 16%, or you can insist on 20% and walk away if you don't get it. Whichever you do is up to you. But you should insist on getting a deal in writing and the other founders sticking to it. If they won't do this, they are untrustworthy and you should walk away.