We are a group of 5 people working on an idea for a start-up. The aim is to find an investor that would allow us to develop the project fully. Now we're just at the idea and presentation stage.
3 of us are the "idea" people, the ones that had the idea to start with. These 3 people have very similar skills, sales and marketing. They brought in 2 other people: a lawyer and a technical/design person. This is a web start-up project that could be very big in terms of organization, building, launching and development.
We are trying to figure out how to split equity and duties.
A few questions:
- Would it be a good idea to split equally between the 5 people, considering that if an investor comes in he will probably end up with the majority of shares?
- Is it possible that 3 of the founders have similar skills?
- Is it possible that a founder gives the idea, takes his shares, but then don't actually work on the project hands-on?
Any advice on what would be the best way to organize this start-up and what is the best solution to present the team to an investor?
Thank you for your help.