I am currently employed by a company whose core business is not IT-related but I have developed a few applications that are central to some crucial business processes and I want to create a startup around them.
I have therefore anounced my intention to the boss, explaining that I planned to have him as first client to continue to maintain and improve those apps. The deal I proposed was that they transfer the intellectual property of those applications to me and I will give them preferential terms as first client + make sure the transition is as smooth as possible.
Although he agreed in principle at first, he now wants to make the IP transfer conditional on a scheme (to be defined) that would show his clients that I am still committed to the company because he considers that I am a key person and wants to make sure his clients are not under the impression that I am gone.
- What would be the main pros / cons to have my current employer having some equity (he would accept non-dividend / non-voting shares)? (That's his proposal and I can see at least 1 con: my future potential clients will be his competitors and might see him being a shareholder as a conflict of interest)
- Are there other ways to make our relationship look closer than a pure commercial relation?