Re:Ask HN: What sort of split do you offer a co-founder?
by glimcat on Tuesday December 06, 2011 @03:42AM
(#3318562)
This raises the question of whether you need a co-founder or a hire. It depends on the business.
IMO "40% is way too high for a designer" is too general. It depends on how significant a part of the leadership team they're going to be. Since you say you want them to "help out on the front end" - I'd lean towards guessing that you might need a hire, not a co-founder.
Re:Ask HN: What sort of split do you offer a co-founder?
by timsegraves on Tuesday December 06, 2011 @12:17PM
(#3319975)
Also a good point. I wasn't too specific but I was thinking more someone with previous startup experience and also at least a little bit business savvy.
Re:Ask HN: What sort of split do you offer a co-founder?
by timsegraves on Tuesday December 06, 2011 @02:01AM
(#3318357)
Good points, thanks. I guess I was just trying to figure out what is common since this is my first time thinking about finding a co-founder or two.
If you both use equity to give to the biz dev and the biz dev requires more than 20% to retain, you just lost majority of your business. :(
40% is way too high for a designer.
Also, make damn sure you vest any equity you give out.
Remember, you can only give it away once, so do so sparingly.