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 !
Is it just the two of you? Unless your co-founder is an industry expert, they are putting in money, has great VC connections, or the couple clients they have are enterprise grade (like over 50k ARR each), then I would go for close to equal equity.
Idea doesn’t mean much. Fundraising and sales are hard, but so is building the product.
https://youtu.be/fcfVjd_oV1I?si=jhAuKHTbtcsUstv9