Part time cofounders should not get more than 1/10 of what the full time cofounders get in equity. True or false? Anyone have stories one way or another?
Perhaps what you mean is that this is the average amount of equity you should give to someone who wants to be a part-time cofounder, but this average comes from 2 peaks at, say, 1/3 as much and zero.
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I recall reading a good article about how to calculate employee equity: http://www.paulgraham.com/equity.html
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Paulculate
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Would hazard to say depends at which point “founder” becomes “operator” and critical junctures in the business —some take a lot more sweat to set up and less to run.
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It also depends how badly you need the part time founder
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What are situations where you would give 1/3rd as much to a part time cofounder? Main case off top of head would be an academic research partner still tied to a university? Any others?
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Typical in academia, yes
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