4 ms·
If you've done a lot of work already, someone you brought on now would, if they were reasonable, not expect to get the same amount of equity as you. Beware, th
by pg 16y ago
If you've done a lot of work already, someone you brought on now would, if they were reasonable, not expect to get the same amount of equity as you.
Beware, though, because empirically founders tend to overestimate the percentage of the value of the company represented by the work they've already done. Founders tend to overestimate past work and underestimate future work, and they also underestimate the distance between a good product and a successful company.
- cofoundless 16y agoGood, both-sides-of-the-coin answer. I do see the value both potential partners bring to the table, because they fill in gaps of mine (business and design), while they have some development knowledge themselves. But the fact is that the existing product(s) is the reason for them wanting to join in the first place.