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For my startup, we had 5 people in on it from the beginning. The workload is split evenly, except the President is def. putting more time in than the other guy
by Travis 17y ago
For my startup, we had 5 people in on it from the beginning. The workload is split evenly, except the President is def. putting more time in than the other guys. We spoke with some funding groups, who said they like to see the President have a greater interest (seems to help by giving someone a bigger vote in the direction). So VCs might like to see an uneven split; we each decided to give the President 1.25% of our overall share.
BTW, we're currently a friends/family funded, bootstrapped company that's post-revenue, but not yet ramen profitable.
- dryicerx 17y agoA equal workload would have made things a lot easier for us, but some of our co-founders have other obligations so not everyone is working full time on this. I didn't know about the VC's requirements as that, but seems to make sense. Good to know.