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I’ve been contacted to be a cofounder. The product is 90% complete but not live yet. The confonder role would basically be to improve the product as the company evolves. The founder owns 100% right now. I believe in the business idea, what share of the business shall I ask?
Same as other cofounder(s)
50/50
Depend what you are giving up. And what values you can bring to the table. How much money they had spent and where they are with product market fit
Do they have paying customers? If not, 50% if it's unpaid. If they have paying customers then it will depend on how many, the growth and if you're getting paid. But no customer? No pay? 50%
Yah. The product isn't 90% complete until you see product market fit. Before that it is just a prototype of something that might be a product.
If it were 90% complete why would they need a cofounder? I suppose they have a prototype that doesn’t yet work and no customer in sight.
How do you become a cofounder, when 90% is complete? Or why would you get another cofounder?
They have the concept and prototype I assume, is there any IP? Trademark? Copyright? Then he has built value and you will build on top of what he has so far. You 30 - 40 % are you taking compensation?
< 51 for sure
50.5%
Ugh you got me there 😂