Neo 13 Posted March 4, 2022 Share Posted March 4, 2022 Hey all,Quick question on equity split for a technical co-founder. I was approached by an ex-coworker whom I had great rapport with for joining his startup.They currently have: - An idea - No revenue - No outside funding (I believe some things have been self-funded in the amount of maybe a few thousand dollars) - No MVP The founder is focused on the business/product/marketing side and his current co-founder (brother) is perhaps a mid level backend engineer.I am a sr. mobile engineer with full-stack capabilities and I have full confidence I could realize their MVP. I'd be coming on to the team with the most technical experience and perhaps the most important skillset for implementing the MVP.Their first offer was 5%-10% equity without the title of a co-founder. After expressing my hesitancy toward that they have moved to 15% equity and co-founder title. I mentioned that I would be most comfortable with a split closer to equal, but I would pull the trigger on 25%. I would not be taking a paycheck.Is this strange? They mentioned that their council told them that "cash is king" - in which the founder's existing and planned financial contributions outweigh my equity grant. Though I mentioned that I wouldn't be opposed to helping with financial contributions early on as well.These seem like red-flags, but I honestly don't know. A big draw for me towards joining is just having some fun and getting the experience, but I want to look out for myself in the non-zero chance that the company becomes a financial success. Comments URL: https://news.ycombinator.com/item?id=30549400 Points: 1 # Comments: 0 View the full article Quote Link to comment Share on other sites More sharing options...
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