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edit: forgot to mention... I've put in plenty of time and effort already, but split will be 50/50. I want you as personally invested as I am. Admirable and, im
by swombat 16y ago
edit: forgot to mention... I've put in plenty of time and effort already, but split will be 50/50. I want you as personally invested as I am.
Admirable and, imho, smart. One word of warning, though: set up a vesting schedule. Don't just give the 50% outright.
Since you've been at it longer you should start with more shares, but perhaps have your cofounder accrue shares faster so that within a year or two you'll be at 50/50 - but don't give 50% right off the bat with no protection for yourself against the risk of your cofounder just walking away...
- jeffepp 16y agoI strongly suggest 51/49. Decision making with a 50/50 split is not fun. Lock-up agreements are generally pretty messy. It's pretty clear you have already put in substantial work. I would assume a co-founder would be quite pleased with 40% at this stage.
- bherms 16y agoThanks for the advice guys... I hadn't thought about that stuff... Will edit taking that into account.