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Besides, I am still studying (while he is "unemployed") and want to study next year (September 2018) in another country (1 hour by plane). He was worried a lot
by Labo333 9y ago
Besides, I am still studying (while he is "unemployed") and want to study next year (September 2018) in another country (1 hour by plane).
He was worried a lot about the fact I wouldn't be able to work on the idea, but I promised him
I would be as much available as I can, and that I just needed to go to the university for the exams
(which is true) and could handle my thesis by emails. So I'll be a but sacrificing my degree for our project.
Now, we are discussing about the shares, more precisely what our relative repartition should be
after some rounds of founding.
I said 40/60 while he said 33/66. I feel bad about the fact he would have twice as much as me.
He said he was the one with the ideas, and that although I always had all the answers to his questions,
the questions are more valuable.
I don't think it is true, IMO I asked him the business related questions while he asked me the technical ones.
It is just that he had a lot more questions because… well… business people don't know anything, while
business is easily understandable and I have a broad experience that allows me to understand it.
So in a sense his argument is just that BECAUSE I have more knowledge I contributed less.
He said he only came to see me as a technical consultant and that 33% was already a lot.
He also gave me a lot of examples of companies where the technical guys don't get much shares (Amazon, Facebook, etc…),
and I must say I begin to have doubts.
What do you think of:
- the right repartition of equity
- how I should react
Thanks :)
- pcarolan 9y agoHe sounds like a jerk and you're going to have to spend a lot of time with him. Walking away should be an option.
- Labo333 9y agoI don't think he is a jerk, but must admit I was surprised by his reaction. I wouldn't entrust him with the business part is he was too soft either, so I guess it is ok.