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Thank you, these are really good points I'll have a think about. > Will you have equal access to the company bank account (to see expenses and gauge how good t
by 1_player 9y ago
Thank you, these are really good points I'll have a think about.
> Will you have equal access to the company bank account (to see expenses and gauge how good the company is doing)? Will you be a director (able to sign or co-sign contracts)? Do you have the same class of shares as the other founders and proportional share of votes?
Is it wrong/stupid not to want to care about that? I enjoy the technical side, I enjoy the idea of managing people, but I want to delegate as much business problems as possible and concentrate on the tech.
Basically, I would be interested in this arrangement because I enjoy working with this person, and for my value/wealth to be directly proportional to the effort I'm putting in. And because the problem space is interesting, obviously.
- psyklic 9y agoThe less visible you are, the easier it is to throw you under the bus. For example, suppose you don't give any interviews, never sign anything for the company, never pitch to investors, etc. Then, it is easier for them to pretend you never existed later - even if you make the entire product. So, I suggest you be at least somewhat visible and offer to help your business partner with some of these things in addition to coding. Also make sure you agree in writing to a percentage of the company rather than a total number of shares, and make sure you're privy to the final cap table.