Hi I have worked in start ups all my life and love the life, but now I am a first time founder and have lots of questions. this is the most burning matter now.
We are a groupd of 3 founders. This is fine and works great at the first stage of the company, as we all invest equally, time and money, and agree on complete and equal sharing of ownership.
We are now going to start looking for outside funding, VCs or angels. And now comes the hard part. How do you decide on roles in the next step of the company, and slaries. Of course one of us fits better in the CEO position and others in more technical positions. And that is natural. But since we are all equal partners, can we, and is this common practise, have the same or almost same salaries even though we will probably have different official roles? do we even have to decide on those roles now, is this something VCs expect when presenting the startup[ to them?