curioustechie

Re:Ask HN: What equity percentage for a co-founder joining after de-ri... on Wednesday December 02, 2009 @12:27PM (#972441)

Sorry, I was being overly cagey.

As you correctly point out, the business has no customers. Wouldn't it be a less risky proposition if it had commitments from potential high-value customers?

(N.B. I said "less risky", not "risk-free".)

Re:Ask HN: What equity percentage for a co-founder joining after de-ri... on Wednesday December 02, 2009 @10:15AM (#972161)

> As I can see there is no software and no revenue/customers.

Wouldn't changing one of those "no"s to "n potential" make the venture less risky?

Re:Ask HN: What equity percentage for a co-founder joining after de-ri... on Wednesday December 02, 2009 @10:11AM (#972154)

Thanks for pointing out this option, it's one I hadn't fully thought through.

Could you explain what about the scenario makes you say that Alice sounds like a first employee rather than a co-founder?

Ask HN: What equity percentage for a co-founder joining after de-risking?

Posted by curioustechie on Wednesday December 02, 2009 @08:35AM
from the ask-hn dept.

Bob, a business guy, is trying to recruit Alice, a coder, as a technical cofounder for his startup, Frittr. Frittr has no revenue or customers yet; it will require software to operate, but software won't be the main revenue source. Bob is currently the sole founder. He believes in the business and his projections suggest it can be very profitable.Alice agrees the business can work, but by...

( Read More... | 15 comments | 5 points | on HN )