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Random thought on this: I do not personally believe the owner of the idea is worth more than 10% of equity. They have to be contributing something to get more.
by leetrout 4y ago
Random thought on this: I do not personally believe the owner of the idea is worth more than 10% of equity. They have to be contributing something to get more. It may be capital, it may be sales but it has to be something.
I dream to start a company where I am able to steer almost every decision and the company shares automatically reduce my ownership over X years until a kind of coop forms and most employees have enough equity as a group to control the company. Give away control to put the right incentives on hiring. Also none of this 1 year cliff vesting nonsense. If you are willing to join a startup I am willing to give you equity immediately.
- pirate787 4y ago>none of this 1 year cliff vesting nonsense It is foolish to give immediate equity to a new hire who hasn't proven themselves as a good worker and good fit.
- leetrout 4y agoAnd they do not have to be there for a long time to start providing immense value.
- alex_suzuki 4y agoTotally agree, feels really naive.