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typical billing structure is time and materials or cofounder equity or sometimes stock options, this is not a structure i’ve seen before. note that the point of
by dustingetz 2y ago
typical billing structure is time and materials or cofounder equity or sometimes stock options, this is not a structure i’ve seen before. note that the point of equity is long term retention (it has vest and cliff) - unclear if dev will be motivated here unless you have a very clear path to 100s of paid installs in <6 mos. and if so, it’s better for you to find the cash to pay them somewhere else (e.g. day job) and keep the revenue.
- rjewett459 2y agoI totally agree that if any equity is given, it needs to be vested with a cliff. And I believe that we have a disruptive path to well over our targeted goals. My gut says that if I truly respect this guy, which I do. To offer some equity, just not 20%. Would 5% be an insult to him?