I am looking to create a company with 6 founders. Reason being...I need them all and they are all genius. Because they are all already highly compensated at great companies, equity will be my only option given cash would not be attractive to them...only the idea.
1) UI/UX guy 2) Lead Programmer 3) Marketing expert 4) Security and transaction specialist 5) Me-CEO and visionary... 6) CTO- and major connector to VCs and industry leaders
I also plan to raise VC funding in 6 months time....given we get somewhere. sooooooooooooo
1) how should I split equity given we are all equally important and invested time wise & $. 2) How much equity should we save for VCs? 3) How do I sweeten the deal for everyone given there are so many? 4) is there ever a situation where there are too many founders? 5) also..I plan to do a three year vesting period with the right to buy back..in case you were wondering. 6) My goal is the obvious 100 million sale. Given that is the number...how shall I do equity knowing i will be taking investors?
Your feedback is greatly appreciated.