Ask HN: What to ask for when entering as co-founder

Re:Ask HN: What to ask for when entering as co-founder by matt_the_bass on Thursday December 14, 2017 @07:34PM (#15928781)

If they need a new cofounder after 3.5 years, then to me is sounds like they failed and need to start over. If so, then aren’t you really on the same footing as the original cofounders and deserve the be on par with them? If not, are you really a cofounder or just a valuable hire.

I understand the there has already been dilution so you’re not starting from a clean slate. But there is nothing preventing them from reassigning some of their stock to you.

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Re:Ask HN: What to ask for when entering as co-founder by Lindathefounder on Friday December 15, 2017 @09:25AM (#15931984)

"But there is nothing preventing them from reassigning some of their stock to you"

This will actually result in a tax event valued at the company's value no? This is the reason they offered ESOP in their claim.

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Re:Ask HN: What to ask for when entering as co-founder by matt_the_bass on Friday December 15, 2017 @08:36PM (#15936816)

That’s a good point. Though if they need a new founder rather than a key employee, there maybe an argument that the shares current value is close to 0.

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