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It sounds like you're looking for a first employee rather than a cofounder? A person who comes in after the idea has already been defined and the plans have be
by swombat 16y ago
It sounds like you're looking for a first employee rather than a cofounder?
A person who comes in after the idea has already been defined and the plans have been drawn up isn't really a cofounder. At the moment the business is structured around your and Katrin's idea, and your common skills. Are you willing to change it substantially to accomodate the skills of the third person? If not, then he/she is not a cofounder, imho.
PS: Btw, that may explain why "they're not lining up". Cofounders are paid founder equity (lots of it... in this case, I'd expect 30%). Employees are paid cash and options. My guess is you're not paying a decent wage and you're not giving enough shares for a cofounder.
- BartJellema 16y agoEven though the idea is already there, we are still looking for an equal co-founder... no pay, no options, just equity in the same way we get it... which should build up to roughly 30% or so.
- Bart_Jellema 16y agoEven though the idea is already there, we are still looking for an equal co-founder... no pay, no options, just equity in the same way we get it... which should build up to roughly 30% or so.