3 ms·

My suggestion is to take something like 1-2% (definitely no more than 5 by any means) and stay as an advisor in the company. If you don't believe in the company

• Alex3917 11y ago
  I'd second this. Although for part time and less than a year, I think more like 0.5 - 1%, especially if the other cofounder is the one with the debt. (It also depends somewhat on the contributions over the year, level of traction, etc.)
• vonklaus 11y ago
  I think this sounds good. Maybe 1%. In all likelyhood, this company will not have any measureable value without significant outside contribution. At a certain point, even if it were possible to win enough equity from the cofounder, that would likely make it impossible for the company to parcel out equity in the future. A product with few customers and a largely allocated cap table, would likely assure no one would work on this in the future. Try and leave on amiable terms, and ask for a percentage or a flat rate warrant. If the company pays back the original investor and makes a profit, your time will be valued at /some rate/ and you will be paid that back. The most important thing is try and leave on decent terms.