I'm a tech founder of a startup in the very early stage. I'm looking to add a business development, sales, and marketing co-founder. However this guy is looking to invest 2 hours per day while i'm ready to go almost full time on this (I'm a freelancer).
+ Looking to invest around 7-8 hours per day + I came up with the idea (i know ideas are useless but whatever) + I cover the whole tech side of the startup + I already made a small prototype + I'm going to get the CEO position - I live in a country where tech investors are literally rare
- Looking to invest around 2 hours per day ( looking to go full-time after funding) + He'll cover the Business Development and Marketing + He'll raise funds and has a decent network + The startup really needs some decent business work to operate + He lives in a country where tech investors are much more accessible
What would be an appropriate equity to the co-founder considering that he pretty much won't bootstrap at all after joining because the project needs funding so it's our first step. In other words, The only thing that the co-founder would do without a salary is help making a business plan & raising seed funds.
However, My startup's business model requires funding anyways before doing anything in both business dev and marketing.
P.S. I'm already making the full version now.