Ask HN: How to handle employment agreement for first employee?
Myself and my cofounder have made an agreement with another developer to come on as our first employee but we have $0 funding currently and have strictly sold him on ourselves and the idea. We brought him on right as we're a few weeks away from beginning to beta test our new app. The agreement we came up with is 4% equity with market salary once we get funding but incrementally. We had him sign...