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Well that definitely wont ever happen, and Im pretty sure you know it isnt true. I assume you know from your UN, days (or even "months" -- doesnt matter) is an
by goykasi 10y ago
Well that definitely wont ever happen, and Im pretty sure you know it isnt true. I assume you know from your UN, days (or even "months" -- doesnt matter) is an ambiguous metric.
days == months == launches == rounds in reality.
Unless you had the actual, initial idea, no future team (doesnt matter time) is going to be considered a cofounder. Meaningful equity and terms wont be given out after that standing.
Incoming employees need to realize that -- equity++ means nothing; most should request a reasonable salary.
- tptacek 10y agoSorry, I don't understand this comment at all.
- eganist 10y ago> Unless you had the actual, initial idea, no future team (doesnt matter time) is going to be considered a cofounder. Meaningful equity and terms wont be given out after that standing. I see your angle with this, but I've personally seen Co-Founder thrown about as a perk in exchange for lowered compensation when the company is still fresh enough. A person who could add value might be offered to come in as a VP with substantial comp and equity but trades a good chunk of that comp away to be called a Co-Founder instead. It kindasorta betrays the idea of what a founder is, but somewhat like how time is meaningless by your example, so too can be titles. > Incoming employees need to realize that -- equity++ means nothing; most should request a reasonable salary. Yup. Unless you've worked for Palantir. Then your shares are worth their weight in magical fairy dust.
- morgante 10y agoI'm not sure what you're trying to say, but it is extremely common for cofounders to be added later on (after development has begun). Heck, I would say that all cofounders being involved from the very beginning is the exception, not the rule.