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Why even work part-time? You're not getting paid. Tell them you need more equity and that your co-founder needs to focus on the business instead of on his per
by panic 11y ago
Why even work part-time? You're not getting paid. Tell them you need more equity and that your co-founder needs to focus on the business instead of on his personal image. When they say no, just leave completely (no part-time work unless you're actually paid for it) and go back to school. If they want you to build their company for them—and it is their company if you only have 10%—they need to compensate you properly.
- eruditely 11y agoWell what about experience? People do unpaid internships all the time and I don't have a degree and I would need to transfer first. The equity stake is The founder 30%, me @ 10%, other co-worker that's full time @ 2.5% but getting paid and then another guy at 4%, and then our <staff> who do the work work related to the business itself, and then the rest is set aside for other employees and investors(a lot for investors). You still agree with this assessment? He did work on the company full time by himself and some other guy for half a year/year with 1 or 2 contracts without me, but he has no technical skills so he was just getting contracts himself. Just so you know I am definitely listening to exactly how you are wording it and will be making a decision based on these words.
- panic 11y agoWell, the idea is you'd go through the process of being accepted by a school before talking to your co-founder. Then, with an alternative option in hand, you can actually have a negotiation.