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 !
Did either of you put real money in?
I know a SaaS startup with 80/20 split, but the guy with 80% has the industry exp, product vision, and $X0,000 invested personally to pay for the MVP that’s already built. The 20% guy is a full stack developer who came on board later to carry on the dev work.
You have to decide what’s good for your situation, but be reasonable!!