4 ms·

Did you give your cofounder equity immediately? Or was there vesting and/or a trial period? I am interested in learning more.

• keiretsu 19y ago
  Immediately. He's taking 5% equity in exchange for no salary (He got other biz that he is earning his money from) In a way, this 5% is sort of compensation for his consultation/advisory services, albeit more hands on. He ask for 5% equity plus directorship. Problem is, right now i'm the only director. So if i don't like him, i cannot sack him as director. I have to wait for 1 year for the AGM before i can don't re-elect him.
  • falsestprophet 19y ago
    A man with a 5% stake seems more like an employee than a co-founder.
    • keiretsu 19y ago
      he has options to buy up to 40% stake