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The simple approach is to look at equity allotments. If a single individual has 90% of the equity, it doesn't matter if there are 50 other people also with equ
by erichocean 14y ago
The simple approach is to look at equity allotments.
If a single individual has 90% of the equity, it doesn't matter if there are 50 other people also with equity present and working at the inception of the business. That business has, exactly, one founder along with 50 early stage employees with equity stakes.
AFAIK Steve and Woz had equal equity in Apple, and both were present at the founding of Apple (along with a third guy, who sold his stake back after a week). So, both are founders -- no word play necessary.
There's nothing wrong with being an early stage employee, and we don't need to artificially inflate their worth by acting like they are founders, when the actual ownership facts indicate otherwise.
- macspoofing 14y agoYou're still playing with words. You're redefining what a founder is by saying that unless you have x% equity state, you're not. You're a founder if you're 'given' (or you take) the title of a founder, usually, but not always, at the inception (incorporation) of company. Yes this is a bit of a grey area, however if an individual uses that title in dealing with the press, investors and business, how do you go and say he's not?