I was part of a start up with 4 guys. 1 was my former boss, the 2 others were my equals. The original idea was the former boss's idea and he was paying for a l

I was part of a start up with 4 guys. 1 was my former boss, the 2 others were my equals. The original idea was the former boss's idea and he was paying for a lot of the overhead (hosting, hardware, beer, etc.) We all stated what our desired salaries were. His was above the 3 of us, and I was fine with that. He brought technical and business skills to the table and I was more than happy for him to have a larger salary. This was different than the stock allocation, which was based on hours worked (before we were funded) So if you consider you and your co-founder equals, then equal pay makes sense regardless of the ownership. If you (or him) bring more to the table, then different pay rates is also fair, assuming you both see eye to eye on this. I'm not sure at the PG quote. I do see the benefit of investing profits back into the company which will increase the value of the company and your ownership of it.