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Yeah, but unless the offered equity was 50%... then it's a just a job and probably comes with below market salary to boot. Here's a test for being a cofounder:
by earl 15y ago
Yeah, but unless the offered equity was 50%... then it's a just a job and probably comes with below market salary to boot. Here's a test for being a cofounder: can one cofounder overrule the other? Then you don't have cofounders; you have a founder and an employee.
- alain94040 15y agoBad advice (and mathematically impossible). 25% definitely qualifies you as a co-founder, if you joined and worked for no cash and all equity, before the first funding event.
- earl 15y agoNo, 25% makes you a sucker -- as much risk as the true founder but 66% less reward and 0 real control. (Obviously assuming 2 founders. If 4 founders then my point doesn't apply.)
- gabyar 15y agoNot true. If you have investors and two cofounders, both cofounders will have less than 50% even with an even split. And a cofounder coming on after a lot of work has been done doesn't deserve a full equity split.