Tagged Questions

0
votes
1answer
60 views

How Long is A Sidekick Obligated to Be Your Partner? [closed]

Thanks for your help guys. I'm trying to understand the terms of "employment" for a startup side kick. Basically, I've got a good idea for a startup. There's a kid who's going to Yale who wants to ...
1
vote
2answers
82 views

Value of technical expertise vs. industry connections, initial risk, and business management

I have been given an offer to join as a partner for an existing startup as the technical owner, and am not sure what is fair in terms of equity. The current owner has the connections and experience ...
0
votes
2answers
54 views

Should initial contribution or future contribution determine equity stake?

I just launched my business which I have been developing for about a year. And in less than 2 months the business already has about 12 dedicated clients and we have made sales and refilled our ...
0
votes
1answer
48 views

Recommended Business Structure for Group of Part Time App Builders

A few friends and I have started building small apps and WordPress plugins in our spare time, and I'm wondering what would be the best business structure (LLC, S-Corp, etc) as I think it's almost time ...
1
vote
1answer
159 views

Equity distribution when taking investor / partner to develop a successful existing business

i am the sole shareholder of a well-established service business with 10-years of expertise and recognition in our industry locally. We have an opportunity to grow by creating multiple new locations. ...
3
votes
2answers
161 views

What to offer sales biz dev first hire / partner for product that has early sales traction?

Background: I am a developer with a SaaS product that is bringing in revenue, but not enough to pay a sales person's salary (yet). The company shouldn't need outside funding. The product is ...
2
votes
1answer
146 views

Revoking a Partner's Equity

I am involved in a startup and one of our minority partners (owns 15%, vested 25% of that 15% with the rest over the next two years) is not meeting his side of the agreement. I think we have the ...
1
vote
0answers
85 views

Equity for a technical cofounder [duplicate]

Possible Duplicate: Forming a new software startup, how do I allocate ownership fairly? I'm a developer who has been in contact with a nontechnical cofounder to become the technical ...
1
vote
3answers
237 views

What happens to equity as the company grows?

What happens when you start a company using Joel's Totally Fair Method to Divide Up The Ownership of Any Startup with two technical founders whose roles change over time? Imagine the case where the ...
0
votes
1answer
125 views

Inputs on partnership startup

I am planning to work as a partner in a startup along with my friend. Since he is a critical resource so he is taking a major chunk of the equity and holds the decision making power. I being a part ...
1
vote
2answers
126 views

Dealing with passive “partner” in directive position

I'm somewhat of in a pinch and I'd appreciate your insight on how to solve things for the best. We've been operating like a company for about 1 year, and I say "like" because we haven't really got ...
7
votes
8answers
567 views

Should give 20% of my start-up away to a high profile UX academic?

I'm in the process of registering a company for my start up. I've been developing the concept 60 hours a week for the past 6 months. I've attracted the interest of a high profile UX academic that ...
3
votes
3answers
1k views

Question on Partnership + Revenue Sharing

I founded a business about a year ago, and recently decided to take it in a new direction. Same name and premise, yet slightly different business model. I founded the company as a sole ...
3
votes
8answers
343 views

I have the POC where can I get Developers to build it to commercial launch for Equity in the business

I have built the Proof Of Concept for my web app idea, and it's great although a few aspects need to be added. However our budget is completely out. We have been looking for a development team who ...
4
votes
3answers
821 views

How do I find an equity partner for my running start-up business?

I have an internet based business that is up and running. So far I have 556 paying clients that have used our service with no marketing dollars spent to date. It is a working concept that needs more ...
3
votes
3answers
646 views

Crafting a profit sharing scenario that is easily unwound?

This stems from answers to my other question on profit/equity share when taking on a partner. Some of the answers suggested that a profit share is suitable when taking on an employee, and equity ...
1
vote
3answers
1k views

Fair equity/profit split when taking on a partner?

I am about to take on a partner to develop a software prototype I built almost a year ago and I need some guidance on deciding equity/profit split. I know out of past experience that I cannot ...
4
votes
4answers
888 views

Equity split amongst founders

I have gone through all the related questions regarding my case on the website. I still feel that I could post my question because it is different from the others. Please share your thoughts. Thanks. ...
2
votes
6answers
4k views

Can You Be A Partner Without Putting Up Money?

I'm running a LLC that is a spin off of another LLC. I was working for the original LLC for a year when the 2 partners decided to start the spin off LLC. I let the partners know I wanted to be ...
8
votes
9answers
2k views

How to resolve conflicts on a 50/50 startup?

We are going to found a startup with equal shares. One as the product/tech partner being the other the marketing/sales partner. We are going to found on a 50% equal shares. Not 51/49. Just 50/50. ...
2
votes
1answer
704 views

What % should I give my business partner

Good day, My wife and I are starting a restaurant and bar seach website for our city. Developing the web site would cost about 8-10k. We got a partnership offer from a computer company. They would ...
234
votes
7answers
139k views

Forming a new software startup, how do I allocate ownership fairly?

I have come up with an idea for a new social networking application. It's not something I expect to be hugely successful, but I think it does have some potential. I've approached a few close friends ...
5
votes
2answers
1k views

Minority Partner

I've decided to take on a minority partner for my startup. This individual will have a 25% stake in the business and I will retain 75% as the founder. My partner will not be putting up any money, ...
1
vote
3answers
335 views

Taking on a partner/dev lead

I am in the process of developing a website focused on the travel industry. It's a unique idea that I feel "has legs", and I've gotten very positive feedback from some close associates who have ...
0
votes
2answers
702 views

Equity amount and earn-rate for partners who need salary before joining venture full-time

I’d appreciate getting feedback from the community on how best to structure partnership agreements that takes into consideration some challenging issues. I'm currently bootstrapping a SaaS venture ...