One year without salary sounds pretty close to a founder level committment in that first year. I am not so sure that 6% equity is adequate for your troubles.
I agree. If this guy is being asked to invest 100k for 6 percent of the company, he should be able to justify a 1.5 million valuation for the business.
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One year without salary sounds pretty close to a founder level committment in that first year. I am not so sure that 6% equity is adequate for your troubles.
I agree. If this guy is being asked to invest 100k for 6 percent of the company, he should be able to justify a 1.5 million valuation for the business.