cofounder1234

Re:Ask HN: Co-founder quitting job and investing $ - should I ask for ... on Monday July 26, 2010 @01:53PM (#1548710)

  1. If I quit my job then yea.  I'll essentially be injecting cash to cover my own expenses.  Plans on spending it are so I have some time to focus on raising seed funding and talking to customers.
  2. I believe we've informally proven market validity.  That's quite different than having enough users use the site to show numbers that mean something.

Re:Ask HN: Co-founder quitting job and investing $ - should I ask for ... on Friday July 23, 2010 @08:11PM (#1542753)

Yea - sounds like we have to formalize our partnership a bit more (we've only got the LLC set up). Thanks.

Re:Ask HN: Co-founder quitting job and investing $ - should I ask for ... on Friday July 23, 2010 @08:10PM (#1542751)

Great points. A lot of the "work" I've been subconsciously putting off. Guess I can't anymore :).

Re:Ask HN: Co-founder quitting job and investing $ - should I ask for ... on Friday July 23, 2010 @04:49PM (#1542364)

I prefer #1 since #2 somewhat hinges on the startup making enough money to pay me back. I don't think my co-founder will realistically be able to write me a check out of his pocket.

We haven't done a cap table or stock valuation...perhaps now's a good time to start.

Re:Ask HN: Co-founder quitting job and investing $ - should I ask for ... on Friday July 23, 2010 @04:47PM (#1542357)

It's just two of us at the moment and only I am leaving my job (putting in full time). I can ask my co-founder but we've talked about who is willing to or can do what and the ability/willingness to take higher risk resides with me.

Ask HN: Co-founder quitting job and investing $ - should I ask for more equity?

Posted by cofounder1234 on Friday July 23, 2010 @02:38PM
from the ask-hn dept.

Hello, I'm a co-founder and am quitting my job and investing a small sum of money (≈10-20k) while we try to raise seed funding and begin proving the validity of our existing MVP product.As part of this should the injection of cash be in exchange for equity? If we got cash from an outside source it would be - but I don't know if it typically differs since I'm one of the co-founders. Does the...

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