There's a vast gulf between people A and B starting a company with person C as a cofounder vs starting the company with C as their first employee. This is abou

There's a vast gulf between people A and B starting a company with person C as a cofounder vs starting the company with C as their first employee. This is about more than just names. An employee will probably be paid better, will get far less equity and will probably end up with a different class of shares. Making someone a cofounder is a far bigger bet and being a cofounder requires a lot more risk tolerance.