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Another perspective is go 51/49 (CEO 51, CTO 49) just so that later down the line you can resolve any "deadlocks". With 3 founders you'll never have this occur,
by liamgooding 13y ago
Another perspective is go 51/49 (CEO 51, CTO 49) just so that later down the line you can resolve any "deadlocks". With 3 founders you'll never have this occur, but with 2 cofounders you will.
Remember you'll make a 10% employee/advisor pool and probably 10% to an Angel/Seed, making your 51% to 49% become 40.8% to 39.2%
By the way, we're all assuming that you'll both be committing to this 100% and full time. If not then a 50/50 split isn't right
- brudgers 13y agoIt is better that two partners reach agreement than that one has total control of the company, and that's what 51% is, total control. The 49% serves at the 51%'s pleasure. 51% can sell the company to their cousin for a pittance. 51% can decide the CEO's salary should be double the CTO's. 51% can put their daughter on the payroll as a consultant. All 49% can do is take it or walk away.