Ask HN: Fair buyout price for my partner?

Re:Ask HN: Fair buyout price for my partner? by jellicle on Thursday October 20, 2011 @02:29PM (#3136164)

You make an offer, he can either take it OR he can pay you that price and buy you out of the business. Sign an agreement to that effect before you make the offer.

Thus, you will offer enough that if he decides to buy you out, you'll be satisfied with the amount. This is the fair price. You cut the cake, he gets to choose which half to take.

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Re:Ask HN: Fair buyout price for my partner? by buyingout on Thursday October 20, 2011 @02:42PM (#3136234)

this sounds like a fair approach - a shotgun clause right? i feel emotionally invested in the product since it was my idea, but he put a bunch of time into it and we both believe in it.

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Re:Ask HN: Fair buyout price for my partner? by afdssfda on Thursday October 20, 2011 @02:52PM (#3136284)

"i feel emotionally invested in the product since it was my idea, but he put a bunch of time into it"

Ideas often aren't worth as much as execution.

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Re:Ask HN: Fair buyout price for my partner? by buyingout on Thursday October 20, 2011 @03:13PM (#3136397)

we've both contributed equal time to it, using our different skills. he's written more of the code, but the designs are mostly mine, and i've done all the research into advertising, CTR, managed our intern, and done the biz admin.

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