3 ms·
Initiating should not matter. By that account, 50/50 partnerships should not exist in the majority of cases. After all, lets be honest, in almost all cases, onl
by steventruong 15y ago
Initiating should not matter. By that account, 50/50 partnerships should not exist in the majority of cases. After all, lets be honest, in almost all cases, only one founder can come up with the original seed of the idea.
For the record, I don't believe in 50/50 as a standard at all. I believe that fair share should be divided accordingly. Having said that...
Filing a patent (which is a lengthy process meaning he doesn't even have it approved yet) does not equate to having more equity. From what I'm hearing, it really should be 50/50 unless he has something more valuable he is bringing to the table i.e. experience scaling and exiting a company profitably before, lots of connections that actually leads to something and not just knowing a lot of folks (which people can attain just by going to a ton of events and meetups; some do), etc...
Without knowing the full details, as you have said, and going just by the above, 50/50 should be fair in the scenario above.
- throw_1234 15y agoYeah, I agree. He does not have any big startup success behind him (not as a founding employee). His connections are genuine and he has the ability to raise funds. As far as patents are concerned - in general, I think it depends. There are cases where a patent is very valuable but these are few and far between, But even if there is an uneven split due to any of the above reasons, my gut feeling tells me that at least 40% should belong to the technical co founder (if there is no "salary" being paid).
- throw_1234 15y agoInitiating does matter in one crucial sense. The initiating person has the final say :)