Are you seeking a contractor, employee, or co-founder? Be clear, both with yourself and your prospective co-founder. You say co-founder, but it sounds like you may want a contractor or employee (i.e. you're getting a quote from this developer for the cost to fix bugs, etc).
What does "solid business model" mean? You have stable, ongoing revenue? I would suspect you mean that you have researched your target market and believe you have a solid business model, but not much real revenue yet.
If that's the case, and you are sincerely looking for a co-founder, I would suggest 25-33% equity at a salary of 65-75% of market rate as being reasonable.
Comments
Are you seeking a contractor, employee, or co-founder? Be clear, both with yourself and your prospective co-founder. You say co-founder, but it sounds like you may want a contractor or employee (i.e. you're getting a quote from this developer for the cost to fix bugs, etc).
What does "solid business model" mean? You have stable, ongoing revenue? I would suspect you mean that you have researched your target market and believe you have a solid business model, but not much real revenue yet.
If that's the case, and you are sincerely looking for a co-founder, I would suggest 25-33% equity at a salary of 65-75% of market rate as being reasonable.