What would an appropriate level of ownership be for that kind of risk?
Working without a salary for a year implies founder level risk. Right now, they only have an idea, and no code? I'd expect as much of an equity stake as the other founder that's working without a salary, 30%.
Furthermore, if all the founders are willing to give me for my full time work for an entire year was 6%, I'd run far, far away.
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Thanks for taking the time to answer.
I take your point about the exit. The numbers are the ball park that the founders would be happy with to exit.
What would an appropriate level of ownership be for that kind of risk?
What would an appropriate level of ownership be for that kind of risk?
Working without a salary for a year implies founder level risk. Right now, they only have an idea, and no code? I'd expect as much of an equity stake as the other founder that's working without a salary, 30%.
Furthermore, if all the founders are willing to give me for my full time work for an entire year was 6%, I'd run far, far away.