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A second person in a startup adds hugely to the equation - That's why Ycombinator generally requires 2 or more founders. The ability to bounce ideas off each ot
by ojbyrne 18y ago
A second person in a startup adds hugely to the equation - That's why Ycombinator generally requires 2 or more founders. The ability to bounce ideas off each other just adds greatly to the equation. There's no reason a split has to be 50/50, and paying a small salary and a small portion of shares is a good option. But, from past experience, and echoing what others have said, see a lawyer, and furthermore, insist that your co-founder see a different lawyer.
- davidw 18y agoWouldn't it make sense to kind of decide what you want, in English, and then go to the same lawyer to get help drafting it, and thinking of any details that need taking care of? Going to two lawyers sounds like a good way for the two lawyers to go back and forth for a while, driving up the price quite a bit.
- ojbyrne 18y agoI know lawyers cost a lot, but "driving up the price" really means "representing your interests." I've come to regret skimping on a lawyer quite a bit.