Re:A Good Way to Grant Equity to Your Employees
by eganist on Wednesday November 02, 2016 @04:11PM
(#12858785)
> Unless you had the actual, initial idea, no future team (doesnt matter time) is going to be considered a cofounder. Meaningful equity and terms wont be given out after that standing.
I see your angle with this, but I've personally seen Co-Founder thrown about as a perk in exchange for lowered compensation when the company is still fresh enough. A person who could add value might be offered to come in as a VP with substantial comp and equity but trades a good chunk of that comp away to be called a Co-Founder instead.
It kindasorta betrays the idea of what a founder is, but somewhat like how time is meaningless by your example, so too can be titles.
> Incoming employees need to realize that -- equity++ means nothing; most should request a reasonable salary.
Yup. Unless you've worked for Palantir. Then your shares are worth their weight in magical fairy dust.
Re:A Good Way to Grant Equity to Your Employees
by kobeya on Wednesday November 02, 2016 @05:16PM
(#12859370)
> Yup. Unless you've worked for Palantir. Then your shares are worth their weight in magical fairy dust.
So, a lot?
Re:A Good Way to Grant Equity to Your Employees
by eganist on Wednesday November 02, 2016 @05:33PM
(#12859509)
The statement was deliberately ambiguous. :)
Re:A Good Way to Grant Equity to Your Employees
by morgante on Wednesday November 02, 2016 @10:27PM
(#12861162)
I'm not sure what you're trying to say, but it is extremely common for cofounders to be added later on (after development has begun). Heck, I would say that all cofounders being involved from the very beginning is the exception, not the rule.
days == months == launches == rounds in reality.
Unless you had the actual, initial idea, no future team (doesnt matter time) is going to be considered a cofounder. Meaningful equity and terms wont be given out after that standing.
Incoming employees need to realize that -- equity++ means nothing; most should request a reasonable salary.