How to Divide Up Your Company's Equity
I am teaming up with two co-founders to build a web platform. The two partners are business guys while I am the sole techie. I am in the US on a work visa due to which I would be working on the project for another year or so on a part-time basis only for equity and no pay. Once and when we have funds I will be joining the project full-time as CTO and co-founder. My current share is 7% while part-time and 15% with a salary when I join full-time a year from now. The salary when I join full-time is pretty low and is to comply with my visa status. The web-site being build is pretty complex and needs certain amount of innovation. They have been spending their own funds on the project for a a few months now. Both are working full-time on this. Please advise whether this is a fair proposition.