Shares to programmers
Possible Duplicate: Forming a new software startup, how do I allocate ownership fairly?
So I friend of mine has this idea for a kind of social network based on video blogging, for obvious reasons I can't talk a lot about it. Here's the thing, we are four in the team: 3 programmers and him (the idea guy).
At first I was like yeah sure this sounds like a good thing, let's give it a try but, now I'm really passionate with what we can accomplished with the site and of all 3 programmers and kind of the leader now. The thing is...this guy is giving us WAY to little share (up to 10% each one) and I'm saying to him that there's NO way I'm gonna feel motivated with that little percent, specially since I'm beginning to see that he is just pressuring us and nothing more, he add nothing to the table whatsoever, just the "idea".
So...how much equity you think we should have? I was thinking something 20% each and 40% for him, I really don't know anything about this. The only thing I know if that I could build this website on my own in like 2 months or something and I'm starting to feel like I'm wasting my time. Geez and even starting to think to just do the website on their backs (for me the other two programmers are really bad).
Anyway, any suggestions??
Thanks a lot!
Getting Started Software Development Equity Shares
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Was there any original (even verbal) agreement on how much equity you're going to get after the development is done? – Salmon 12 years ago
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Not so much of a verbal agreement but, at the beginning he was like 10% for each and I was like yeah whatever, I really didn't care at all. But, that was like 4 months ago, right know I'm WAY more involved in the startup (much more than just coding, I've also went to some VC visits with him) and I told him that I want more share and he was like eehmm yeah I guess that's fine. So we have like a pending conversation but, that's the thing. I don't know how much to ask for. – J Striedinger 12 years ago
