I have been bootstrapping for 1.5 years, coding part-time while keeping my full time job. I have also invested some 10k into my project.
Now, the workload seems to pile up over time, and I know I can't keep up with the pace of my competitors. Now I can bring in 2 friends to be the technical co-founders after me myself bootstrapped for 1.5 years. If I bring them in, I will spend less time in coding, more time in sales and marketing.
- What is the recommended share should I give them?
- Should I ask them for monetary investment? The startup doesn't really need it, but I want it as a commitment.
- What happens if they are not working up to marks, and either I call the partnership off half way, or they quit? Will I have to pay them or buy over their shares?