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I suspect that this might be part of the problem, he has mentioned that he would like to re-negotiate the equity split. However, I feel like giving him a large
by tommartin12 16y ago
I suspect that this might be part of the problem, he has mentioned that he would like to re-negotiate the equity split. However, I feel like giving him a larger proportion of the company to solve a motivation issue is not the right thing to do.
- staunch 16y agoWell, personally I'd never start a partnership with someone that wasn't even. If they're not worth half they're not worth partnering with. There are exceptions: if I invested in the company I might end up with more equity based on that investment, but it would still start at 50/50 on day one. No one feels bad if you put in $500k to get an extra 20%. But just arbitrarily deciding one guy gets an extra 20%? That's going to gnaw at you later. You said you put in 70% of the money and he put in 30%. Is he willing to match your contribution to get himself up to 50%?
- tommartin12 16y agonot really possible, he doesn't have the money.