The short answer here is that this is very situational stuff and not necessarily something you can have completely planned out in advance. If you've already incorporated (c-corp) then you'll have authorized shares and issued shares (see http://startuplawyer.com/incorporation/how-many-shares-shou...
I'm Mike Moyer and I've had lots of experience. It works great. Since publishing the model in 2012 I haven't had anyone come back to me and complain that it didn't work, but I had hundreds, if not thousands, of people thank me for writing the book. I'd be happy to answer any questions you might h...
You already said it: "He isn't interested in salary as much as equity." If this developer is any bit worth his salt, he is worth the equity. A smaller piece of a bigger pie is far more valuable than a big piece of a small (or worthless) pie. Profit sharing is a red flag to me that just sounds "...
Assuming, that you're able to effectively communicate to others why your project is a 'tremendous opportunity', then here are some options: - Look up local universities and email the chairperson of whichever programs relate to the type of cofounder you need (i.e. electrical engineering, marketi...
I've had many "Advisors" over the years and I like to break them up into 2 groups. 1) Formal Advisors These are people who strategic insights into the business and would create value for the company by having them listed on our site, and have access to them in an ongoing way. I typically engag...
Generally you don't vest if they're not employed. It doesn't make sense if you think about it -- vesting means "you earn more and more of this amount unless you leave." But they're not employed, so how would you know whether they've left?
We both know that hosting is very application specific, and that quality of service varies drastically between providers, yet you'll always find individuals who treat it as a mere commodity. The true value of the host isn't predicated just on their performance characteristics, but also their acce...
It's highly unlikely that you will be able to find competent full-stack mobile developers willing to work with you for equity, but if you do, "fair" compensation would be 50% or more of the equity in the Company. Approaching any developer with just an idea, diminishes your credibility as a pot...
Check out https://angel.co/salaries Pick location, market & role. There you can see equity given + salary. There's a caveat though, if this is you first developer and he/she is going to be essential to your growth maybe you should consider him/her as a cofounder. Any tech business needs a tech ...
Hi First of all, well done for successfully developing a product/business and gaining market traction! There are various 'models' that you can use to estimate how many shares/percentages your new partner should get. These include (a) his/her investment in time and/or money, (b) the current + pot...