3 ms·

> My co-creator, an EMBA student, and I are taking the course as a way to iterate through our product and process. She is in charge of the business model, and I

> My co-creator, an EMBA student, and I are taking the course as a way to iterate through our product and process. She is in charge of the business model, and I am doing the coding. Our professors urged everyone to start talking about equity splitting as soon as possible; and my co-creator had a really simple answer to that: "I should have 100%," she said. That sounds like a bad deal already. Good thing he didn't sign the agreement. But i wonder what the agreement he drafted up contained.

Adirael 12y ago
I don't know, but he ended giving up the code for free. I would've gone solo in that situation.
spindritf 12y ago
Read the very next sentence. He accepted a full time position somewhere else. She knew that I had accepted a full-time offer prior to starting the class If he's not joining the company to run the project, he shouldn't have any ownership. How would that work? What if one of the founders doesn't work full time on the company? Then they're not a founder. In my book nobody who is not working full time counts as a founder. Anyone who holds on to their day job gets a salary or IOUs, but not equity.[1] Trying to making him an unpaid intern is a dick move. Although apparently the immigration status gets in the way of compensating him fairly? [1] https://gist.github.com/isaacsanders/1653078 https://gist.github.com/isaacsanders/1653078
- eropple 12y ago
  > If he's not joining the company to run the project, he shouldn't have any ownership. How would that work? He wrote the damn thing. It is literally only right to compensate him for his work. And when you know going in that you can't compensate in cash, you're compensating in points.
Avalaxy 12y ago
Hell, even giving 50% to someone who only has an "idea" to bring to the table is ridiculous. It sounds like he put in MUCH more effort because she didn't even prepare for their meetings. Then what DID she do?
- radicalbyte 12y ago
  Profited from her MBA education? Worked Smart, Not Hard?
  - arethuza 12y ago
    The use of "smart" to mean "act like a complete dick" is something that makes me incredibly angry when I encounter it.

Adirael 12y ago

I don't know, but he ended giving up the code for free. I would've gone solo in that situation.

spindritf 12y ago

Read the very next sentence. He accepted a full time position somewhere else. She knew that I had accepted a full-time offer prior to starting the class If he's not joining the company to run the project, he shouldn't have any ownership. How would that work? What if one of the founders doesn't work full time on the company? Then they're not a founder. In my book nobody who is not working full time counts as a founder. Anyone who holds on to their day job gets a salary or IOUs, but not equity.[1] Trying to making him an unpaid intern is a dick move. Although apparently the immigration status gets in the way of compensating him fairly? [1] https://gist.github.com/isaacsanders/1653078 https://gist.github.com/isaacsanders/1653078

eropple 12y ago
> If he's not joining the company to run the project, he shouldn't have any ownership. How would that work? He wrote the damn thing. It is literally only right to compensate him for his work. And when you know going in that you can't compensate in cash, you're compensating in points.

Avalaxy 12y ago

Hell, even giving 50% to someone who only has an "idea" to bring to the table is ridiculous. It sounds like he put in MUCH more effort because she didn't even prepare for their meetings. Then what DID she do?

radicalbyte 12y ago
Profited from her MBA education? Worked Smart, Not Hard?
- arethuza 12y ago
  The use of "smart" to mean "act like a complete dick" is something that makes me incredibly angry when I encounter it.