Re:Developer, you may need a co-founder in marketing
by pentae on Thursday September 16, 2021 @11:53PM
(#28561020)
Had a similar experience happen to me many years ago.
But if I was doing it all over again I'd make sure to have a signed one page agreement on some points like this:
- Both agree to work a minimum of xx hours per week on the project
- Both agree on a reasonable hourly rate for each others time and then track your hours while working
- If theres no venture capital then the hourly rate you both 'earn' is in credits towards future profits or equity
- If one person isn't meeting their expected contribution requirements over a reasonable period they forfeit their stake in the business
Obviously, I might have been choosing the wrong people, but they seemed fairly accomplished.
I think people don't realize how much building software is boring drudgery (figuring out where to put a button). Maybe they expect it to be immediate wheeling and dealing.
Non-technical cofounders need to start out as project managers, and most people don't seem willing to do it.