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Not at all. 50-50 is too much. With product led growth and other avenues you should definitely scale it down. Also do not give it away all in the beginning but
by tarun_anand 6y ago
Not at all. 50-50 is too much. With product led growth and other avenues you should definitely scale it down.
Also do not give it away all in the beginning but tie it to some commitment.
- gus_massa 6y agoI agree. @OP: Repeat after me at least three times: "4 years vesting with 1 year cliff" Did you verify that the previous business are real? Are the previous partners happy? Are the previous partners real? Make YOUR lawyer review all the paperwork, and get everything in written. Imagine the happy path: He is very good, and in 10 years your business is huge and everyone is happy. Imagine the unhappy path: He is a scammer or a moron, or he has an incompatible vision of the future of the business or whatever. Can you fire him in 3 months? 6 months? Can he fire you? Does he get a fair compensation? Does he get most of your business? Be sure to understand both scenarios, and perhaps a few intermediate versions. As a warning, take a look at "A $5000 chair" http://battlehardened.wordpress.com/2012/02/07/a-5000-chair/ http://battlehardened.wordpress.com/2012/02/07/a-5000-chair/ HN discussion https://news.ycombinator.com/item?id=3564569 https://news.ycombinator.com/item?id=3564569 (217 points | Feb 8, 2012 | 60 comments)