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I would agree with what code wrote, but please be explicit that you can not pay him at this time. It's better for him to know that he is going to do this for eq

by mariust 16y ago

I would agree with what code wrote, but please be explicit that you can not pay him at this time. It's better for him to know that he is going to do this for equity, evaluate your business and think about how much value is he going to bring in, then do the math about how much equity should he get and under what terms. I would do some terms that would keep him at work, so that after 2 months you will not see him flee. Meaning that the terms should state something like: 2 articles / week in order to have x% of the profit or company.

newbreeze 16y ago
Thank you for your reply! It's always good to be honest and straight up front and that's what I did. I told him about risks we have to take and rewards if the business takes off. I am sure he's aware of all that. The true is when I started this venture last June, day by day I realized that I can not do this by myself and I am feeling overwhelming already. This is an excellent advise to attract a potential partner/co-founder.