I created a 7 months old startup that is growing well. Not fantastic but ok. Now i'm looking for someone to be the CEO.
He wants 50% equity, if he could get VC funding based on a high company valuation, say USD 20 million (which i think is really high for my startup). If he can't reach the target, then he'll settle for less.
Is this fair? I put in the hard work for this past 7 month. All the idea is mine. now he wants to be on the same level as me, just because he can get funding based on high valuation.
If not, how much do you think he should get. Considering that he's being hired in an important position - CEO.
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I created a 7 months old startup that is growing well. Not fantastic but ok. Now i'm looking for someone to be the CEO.
He wants 50% equity, if he could get VC funding based on a high company valuation, say USD 20 million (which i think is really high for my startup). If he can't reach the target, then he'll settle for less.
Is this fair? I put in the hard work for this past 7 month. All the idea is mine. now he wants to be on the same level as me, just because he can get funding based on high valuation.
If not, how much do you think he should get. Considering that he's being hired in an important position - CEO.
How much did Pierre Omidyar give Jeff Skoll?