4 ms·
The way I understand it, four of you (one guy in the US and three guys in another country) got together and built a startup from scratch. I further assume that
by andy1900 11y ago
The way I understand it, four of you (one guy in the US and three guys in another country) got together and built a startup from scratch. I further assume that there were no discussions on equity split at any time.
Now when a new guy comes in, you are told for the first time that you have only 5% equity in the company.
I would suggest that before you do any further work in this startup, have a call with your US partner and speak to him about this - get everything clarified. If he does not speak to you directly about this, then you need to be very concerned.
It is very hard for HN to tell you how equity should be split, as no one here knows what each of you bring to the table. Typically, equity discussions should be carried out right before you start a partnership, so I urge you to have this discussion with him now.
- gdiocarez 11y agoBasically it was 2 of us at first then hired 2 people from my side. Right now he's the one paying for all of our salary. Does that even count? I'll try to talk again about this.
- loumf 11y agoIf you are getting paid market salary, then you are closer to an employee than a founder. If he is paying the salary from his pocket, then he's a founder and also an investor. Does he expect to be paid back or does he want equity from the money he's putting in? If he's not getting paid back, he's buying some of his equity.
- gdiocarez 11y agoI see what you mean now. Currently he isn't being paid back but and I think your right. He's buying some of his equity.