Ask HN: Giving new co-founder 40% equity at seed round?

Re:Ask HN: Giving new co-founder 40% equity at seed round? by throwaw87 on Monday December 28, 2020 @01:54AM (#25557317)

We planned on being co-founders all along, but he came in slightly later after the legal was initially done -- then it took a while longer than I hoped to raise the seed due to COVID. He wouldn't appreciate me reneging on that, especially since he's been equally integral to the business as myself.

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Re:Ask HN: Giving new co-founder 40% equity at seed round? by danieltillett on Monday December 28, 2020 @03:17AM (#25557613)

I wasn’t suggesting reneging on the deal, just laying out the options and letting him choose.

You could consider winding up the company and starting again with a fresh company.

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Re:Ask HN: Giving new co-founder 40% equity at seed round? by throwaw87 on Monday December 28, 2020 @07:06AM (#25558575)

Thanks and agreed -- it is always best just to be honest and upfront about what options exist.

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