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236
votes
7answers
141k 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 ...
6
votes
2answers
212 views

What's the catch in an offer for share?

I'm a software developer and quite illiterate when it comes to business thing. Recently someone has asked me to join a company and, while the salary is not higher than what i currently earn, he ...
30
votes
7answers
3k views

How to split up revenue between partners who contribute different amounts of work

My co-founder and I will soon launch a micro ISV. Our current agreement states that we split ownership 50-50. However, since we reached the ownership agreement the amount of work we have put into ...
8
votes
3answers
519 views

“One Man Startup” - Should a add people before going out looking for funding?

i've been working on a project for the last year or so and during that time 4 out of 5 partners have left, leaving only me. I've turned the project into a modest success and have now received some ...
7
votes
5answers
5k views

How to find a programmer to partner with and bring programming in-house?

Currently I have been personally funding my tech related start up idea by paying a developer to get it to the demo stage where it is now. In order to get it to the next level the costs increase as I ...
1
vote
2answers
2k views

Where to find startup partners online?

Does anyone know a good website where I can find partners for website or design projects? I'm not referring to job boards or forums.
1
vote
4answers
2k views

Where can we find a partner to build a startup?

I am interested to build a startup. But I need a partner, most probably someone that has the skills that I don't have. I have technical backgrounds in web development and scrum project management. Now ...
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 ...
1
vote
3answers
257 views

How do you find developers that will join a new company?

Though I have come across many developers, I still cannot find where there might be a place where Senior developers who love to work in start ups can be found and who understand financial constraints ...
11
votes
9answers
531 views

How to Build a Strong Social Network for a Young Entrepreneur?

"It's Not What You Know, It's Who You Know" -Old English Proverb Having a strong social network is a Must-Have of every entrepreneur. Our friends and partners make us stronger in areas we're ...
6
votes
5answers
401 views

When does the daytime job retire

My partner and I have reached a stage where our software product is well received by the target industry. Both of us started this venture as a night-time affair and we still hold on to our jobs. We ...
4
votes
4answers
894 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. ...
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 ...
4
votes
4answers
926 views

How to find the right engineer / technology talent?

The question is simply "What approach should I take to find the right technology partner?" Some background for context: I am currently employed full time in my industry and have been for over a ...
4
votes
9answers
584 views

Do friends make good co-founders?

When starting a new company, it is curial to get the right team in place, or the business will never go anywhere. While it is possible to go at it alone, co-founders can be a great asset, if they ...
1
vote
5answers
348 views

Divorcing A Partner Without An Operating Agreement

Here's the scenario: Myself and 2 partners have been working on a project since January. Since we are all friends (mistake number 1) we orally agreed to split the future company's equity three ways ...
2
votes
6answers
565 views

How do I recruit an effective business partner?

Put yourself in my shoes: I have experience in internet marketing/sales, but I lack programming expertise. I came up with a new website/startup idea and acquired funding from private investors. I've ...
2
votes
2answers
531 views

Buying a partner out of business startup?

A friend and I have been developing an application which will be used as a startup venture. There is a considerable amount of work to be done. We have not set up any legal framework, business not ...
1
vote
2answers
102 views

Talking to the head office

So as I said in my business idea. We will let users "buy" items using virtual credits, which they can earn in contests and from other activities. Again, people in the area like the idea, and some ...