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More importantly, is this person the right co-founder for you? What skills do you lack? Do you trust them? Whatever the deal, assume you own all the equity t
by ra 16y ago
More importantly, is this person the right co-founder for you?
What skills do you lack?
Do you trust them?
Whatever the deal, assume you own all the equity to start with, and they have to buy shares to become cofounder. It doesn't really matter what the cost per share is, but it should be enough for you to reach the next milestones.
You also need to reg the company, and have a lawyer produce a shareholders agreement.
The analogy of co-founder to marriage isn't far off the mark.
- lowglow 16y ago1. I just moved to SF a couple of months ago and haven't found it easy to find "business" people that I didn't feel were completely BS off the bat. That being said, I haven't met much of anything else other than other devs here. 2. It's not so much that I lack the appropriate skills, I lack the contacts. I also feel the opportunity costs are too great for me to be picking up the business side of things without experience yet. So I was hoping to learn a bit from him before my next venture. 3. I trust him more than I trust most people 3 days after meeting them for the first time. But he has shown great interest and found me from hacker news. So he gets points for zeal and ambition. 4. I don't understand this concept you're putting forward. 5. I work at a start-up now and the founder of this company I work at has lawyers that can help me. 6. I know, but we're really racing to push this product out and I feel that by giving up some responsibilities in areas I may be weak in will give me the ability to really pump out competitive code. So I'm struggling to find volunteers to help.