I've been working at a pre-launch startup for the past year (going to launch in the next several weeks). I'm supposed to sign my Stock Purchase Agreement soon, but wanted to run this by to see if I am getting a good deal for the amount of work that I put in.
I am receiving 10% of the whole company for my contributions in the year. I dedicated nearly full-time hours to this startup. Part of me feels like this is low especially if I haven't been paid for my time (I started right after I came out of college).
The split goes as follows: 6% angels 10% option pool 10% me remainder other founder
Now, the other founder originally had the idea and worked on a good chunk of the project before I came in. When I came in, I helped offset the development work, did some bug fixes and feature implementations. He is doing the pitching and most of the fundraising.
Does this seem like a fair deal for everyone?