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LOL, I get that a lot too. "The first version is 90% done.", they say. "I just need to delegate it to a tech co-founder so I can focus on business.", they add.
by EternalFury 14y ago
LOL, I get that a lot too.
"The first version is 90% done.", they say.
"I just need to delegate it to a tech co-founder so I can focus on business.", they add.
"You'll get double-digit equity, up-to 13%, even.", they conclude.
For me, "co-founder" starts at (100 / n)%, where "n" is the number of co-founders.
- dkersten 14y agoExactly, equal share[1] and then dilute (again, equally) as other non-founder shareholders come on board. [1] and equal equity share means everyone needs to bring an equal amount of value to the company. If they want me to build the entire thing and they sit back and watch the money roll in, then they are not adding equal value, so why would this be worth equal (or, god forbid, less than equal) equity to me?
- SparksZilla 14y agoHow often do you know these people prior to these offers?