Is being offered 23% of a company an insult as a partner in a start up? I am responsible for building and designing the entire web app, coding the Frontend, backend, and digitizing all requirements for our proof of concept. My partner found me on LinkedIn. Its his idea, he will be running business functions, marketing, client onboarding, and he has a few real clients to do a trial run with. We’ve been working together for two months in a trial period and now we want to write up contract. How do I value myself?! ……This is my first start up !
This depends.
Are they an experiened founder who either have already taken money or have a term sheet? If this is your first venture, and they have the investors and experience, this is fair in my opinion.
On the other hand if they are a newbie like you, id say it should be 30%-40%.
Its true that finding a technical founder is hard, however its even harder to find a partner with a proven track record and real access to capital.