Settle now. State your intentions and expectations and make sure both of you are on the same page. That "good friend" can head south real quick when the cash registers start ringing and disagreements arise at that point.
Good point. Do you have any insight on how much I should be giving him? Obviously I plan to retain 51% and leave the rest for funding. I obviously cant offer him much, is there a standard?
Comments
Settle now. State your intentions and expectations and make sure both of you are on the same page. That "good friend" can head south real quick when the cash registers start ringing and disagreements arise at that point.
Good point. Do you have any insight on how much I should be giving him? Obviously I plan to retain 51% and leave the rest for funding. I obviously cant offer him much, is there a standard?
Paul Graham has a good essay on the subject: http://www.paulgraham.com/equity.html
I highly recommend reading his other essays as well.
I think Joel Spolsky also wrote on the subject.
Thanks I will check that out.