3 ms·
He hasn't understood what a startup means. If he did, $135 would seem very tiny compared to the huge amount of work he was planning to do. He's not planning to
by curi 19y ago
He hasn't understood what a startup means. If he did, $135 would seem very tiny compared to the huge amount of work he was planning to do.
He's not planning to do that work. Yet. Don't dump him immediately. People are complicated, and sometimes they grow into things very quickly, or there was only one little thing missing. And it's possible you misunderstood his reasons for hesitation, or there was some other kind of miscommunication.
So, go talk to him again and explain your vision carefully and how much work it will be, and why $135 is trivial. It's worth a try. And if you can't agree, OK, then go find someone else, with his blessing, since he will see that he doesn't want to be part of your vision (at this time in his life).
- dfranke 19y agoExcellent answer. I deleted my response because this is a better one.
- chaostheory 19y agoyou bring up some good points in the psychological aspect of things. if they do incorporate now though, there may be future legal problems ahead. Someone can correct me, but I feel the main problem is that typical $135 dollar incorporation services don't include important terms like vesting, so if this other person decided to walk away after incorporation; he would still own x percentage of the company... since I'm not a lawyer I don't know of any loopholes, but I have met people who had this happen to them (three person medical imaging startup. 3rd person quits and still owns a piece of the company no matter what happens...) to incorporate the right way, I think it costs about 4-5k (in california and delaware that is)