I have discussed the following partnership model with a person who could like to become partner with my in my company.
We discuss a range of scenarios that the business could run into. One of these could be that we have not generated any revenue for the last three months. We then describe that if the potential partner manages to get another customer, then this is worth 40% ownership in the company, because the company was obviously in big trouble. In similar ways we will all the time discuss his and my contribution and what his contribution is worth, using the scenarios as something to compare with.
Do you know of any examples where such a ownership sharing has existed.
It should be mentioned that I trust my potential partner very much, but my main concern is that I do not know how high he will prioritize the company, because I have earlier seen examples were he is unrealistic about the time he is able to invest in something.
Is this a way of creating a meritocracy where money is involved?