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"This is exactly the kind of thing a business guy would use..." Thanks for your comment. I didn't mean for this to come across that way. I wrote this is becaus
by nathanh 16y ago
"This is exactly the kind of thing a business guy would use..."
Thanks for your comment. I didn't mean for this to come across that way. I wrote this is because I keep seeing technical cofounders getting the shortchanged on equity, and I want them to know should get more. And I want non-technical cofounders to know that they should expect to give the technical cofounder a larger % equity than they often expect (unless they've really got a lot to offer).
Here's a scenario I see a lot: a non-technical cofounder has just received their MBA, they have no startup or industry experience, they have no prototype, they want a "code monkey" like YuriNiyazov says in another comment to build their product for them, they offer them 5% equity with no salary. For some reason, I keep seeing developers take them up on their offer! Under this scenario, I'm saying a developer should get 50% of the company because the non-technical founder is probably ok (maybe not great) and hasn't contributed a lot to the business yet.