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I think we are in agreement. To elaborate more -- you are right, "the non-technical cofounder doesn't have all of the upside" -- I mean "they have all upside" m
by TuringNYC 3y ago
I think we are in agreement. To elaborate more -- you are right, "the non-technical cofounder doesn't have all of the upside" -- I mean "they have all upside" meaning, they can only go up -- they have contributed nothing so everything for them is upside.
- gnicholas 3y agoYeah, I think the difference is between "they have all the upside" and "they have only upside". You shouldn't agree to either of those situations — they should be putting in sweat equity alongside you. But there's a big difference between them, since all founders end up with some upside — if you don't, then you're employee #1 (and even then, you're probably still getting a couple percent).