Ask HN: A question about a venture I'm involved in with a friend
2 comments
25% strikes me as low for a primary founder, particularly if you do strike it big and get diluted.
you could set it up so your old llc owns 75 percent of the new llc. that way he doesn't own any of your other projects.
But, before your go through all the work, what is he going to do for his 25%? how are all the monthly expense getting paid. hosting? email? etc.
let's say you and your partner put in 1000 hours at $35/hr that's 35k worth of development is he putting $12.5k worth of value in?
But, before your go through all the work, what is he going to do for his 25%? how are all the monthly expense getting paid. hosting? email? etc.
let's say you and your partner put in 1000 hours at $35/hr that's 35k worth of development is he putting $12.5k worth of value in?
Thanks!, your points really help out a lot, I appreciate it!
He also wouldn’t sign our NDA and asked us a lot of questions I didn’t feel comfortable delving into about our company's projects, plans etc and would not sign an NDA concerning us discussing our stuff.
Thanks again for the help!