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Why not just take the 60/40 equity split, but demand 50/50 voting rights? Or maybe do the opposite. Chances are he simply feels entitled to a bit more of the
by grandalf 16y ago
Why not just take the 60/40 equity split, but demand 50/50 voting rights? Or maybe do the opposite. Chances are he simply feels entitled to a bit more of the company, but if the company is successful that 20% difference in wealth will be fairly meaningless.
Or, maybe he wants 60% of the shares but doesn't care at all about many of the decisions.
Bottom line: Ok your partner is a prick, but he may still be a good business partner. There are also dangers in working with people who are too nice.
EDIT: Also it's worth noting that VCs are often spooked when founders don't have an equal share b/c that is a predictor of things going south as the company grows. Perhaps your cofounder would be moved by that tidbit to suck it up and be equal partners.