Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

4033

42 Replies

Jon Lawrence
9
2
Jon Lawrence Entrepreneur • Advisor
Tech and media do-er of things.
Wait, what? He wants to work full-time *only* when there is a salary being paid to him, AND he wants majority ownership?

RUN AWAY. That's not a recipe for success.
Nerea Anderson
1
0
Nerea Anderson Entrepreneur
CEO at YumClub
He needs to work now and pay his bills, so he works part time with this company. When our company launches, he said he wants to give it his all and work full time there, but will need a salary to pay his bills.
Dennis Robinson
2
0
Dennis Robinson Entrepreneur
Founder, svedu
Look into the dynamic equity split model:http://techcrunch.com/2013/02/09/the-perfect-cap-table/

Jon Lawrence
4
0
Jon Lawrence Entrepreneur • Advisor
Tech and media do-er of things.
Another one to help (free) is:http://foundrs.com/
Victoria Cabrera
1
1
Victoria Cabrera Entrepreneur
Marketing Coordinator at Patxi's Pizza
There are several existing discussions that cover this same topic that you should check out >>http://members.founderdating.com/browse#?results=all&q=how%20much%20equ. Remember to always do a quick search before posting to save yourself some time! Hope that helps.
Todd Kovalsky
2
0
Todd Kovalsky Entrepreneur
I help businesses get where they need to go
My question to you is, who is responsible for sales? if you, I would say this person is an advisor and not much else. Best regards, Todd Kovalsky [removed to protect privacy]
Rich Goidel
1
1
Rich Goidel Entrepreneur
Business strategist, group facilitator, agile practitioner and corporate muse
It sounds like he's already a partner, but not necessarily an equal one. If that's true, your use of the word "offer" raises a flag for me. Food for thought.
Zvi Goldstein, CFA
3
0
Senior Quantitative Analyst | Data Scientist
First, take a look at the fantastic The Founder's Dilemmas, by HBS Prof. Wasserman. Basically, the full-time/part-time split is going to be very difficult to sustain. It will be hard to balance time vs. contribution and translate those into equity stakes. You should start with you owning the entire thing, and give your part-time helper equity as time goes on, based on hitting some milestones and time-commitment requirements. That way, you make sure he stays engaged. Don't forget that equity stakes are almost always re-negotiated once VC's start to take control of the company. That means that you should both include in your contracts willingness to re-negotiate stakes if required for funding. z
Lorraine Wheeler
1
0
President at Redstoke, LLC
How long has he been working and what was your agreement for the time which he has already worked? It sounds like there are two issues here. The compensation (equity or cash) for the time he has already put in and the equity moving forward. For the equity split moving forward, the factors you mention are exactly right. Look at what each bring to the table in terms of risk, time, and expertise. If he wants to take less risk by not committing full time or quitting his other job, then you should have more equity. Hopefully, compensation or consideration for the time he has already put in has already been worked out.
Nerea Anderson
0
0
Nerea Anderson Entrepreneur
CEO at YumClub
Thank you everyone for your input, I will look at the links and references provided.
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?