This post is insightful: http://cdixon.org/2009/08/23/dividing-equity-between-founders http://cdixon.org/2009/08/23/dividing-equity-between-founder.... At the

This post is insightful: http://cdixon.org/2009/08/23/dividing-equity-between-founders http://cdixon.org/2009/08/23/dividing-equity-between-founder.... At the early stage, people tend to overvalue past contributions, and undervalue future contributions. Equity grants should be for a person's expected value over the next four years.