4 ms·
Under ten percent equity founder
Hi there,
Because of a part time agreement with the other two founders, I'm joining the full-time much later despite being here since the beginning. However, YC does not treat people under 10% as founders. Would this hard equity cutoff interfere with my title should we go to YC?
- verdverm 7y agoWhat's your priority with the company?
- finales 7y agoI will be coming back and taking over a lot of the engineering work as well as operations. This is especially time sensitive because we are trying to figure this out for Demo Day. If I am not able to attend the events since I am under 10%, then it defeats the purpose of my moving out there immediately and continue to just work remote until after my current job vests.
- rajacombinator 7y agoSounds like you’re getting wayyy ahead of yourself and asking the wrong questions on multiple levels. (Yet another case of the naive technical cofounder.) A better question might be whether your cofounders consider you to be a founder if you are getting less than 10%.
- verdverm 7y agoAgree, have you gotten into YC? Do you have legal agreements? Does the title matter? I'd pick up a copy of the book Founder Dilemmas