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I agree with everything except, > Don’t add a co-founder after the fact Late co-founder makes a lot of practical sense to me. - It's less risky for the incom
by amirathi 7y ago
I agree with everything except,
> Don’t add a co-founder after the fact
Late co-founder makes a lot of practical sense to me.
- It's less risky for the incoming person to join a small profitable company instead of joining an idea
- You broadly know the problem space you will be working in (market, customers etc.) and the vision/direction of the company. Less likely to have fallouts a year or two down the line
- More informed equity negotiation than just splitting it equally
- sokoloff 7y agoWhile I'm not in the camp that says rigidly that a "founder" has to be there from the very first moment, I would struggle to think of someone as a co-founder who joined long after the company was formed and only after it was de-risked all the way to profitability. That person would be an early employee in my book, not a co-founder.