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I would avoid talking about shares till it starts to take off. It might be worth getting agreement on what will happen if it takes off. Otherwise you might feel

• code_devil 18y ago
  Yes, he said he wont be able to pay any cash till he gets it funded. I wouldn't really mind not getting cash, because the application indeed looked pretty useful. But like you said it's better to know an exact % of the pie if it does take off, cause otherwise I will be stuck to a binding agreement. I don't know the % yet, as this part was done over email to which I politely responded saying it somehow seems low. I am yet to hear back from him saying if its low or high, based on what the total share pool is. Also, based on my current employment, if I calculate my wages as $75/hr, then his 1000options/40hrs come out as 25 options/hr which is like saying his options are worth $3(which is insane).
  • davidu 18y ago
    It's not low if there are only 10,000 shares. As others have mentioned, only percentage of ownership diluted matters.