Late-stage cofounder here that took 20%. It depends on how important the work that’s been accomplished is on the business and fundraising strategy. In my case, there was some initial indication of product/market fit and traction.
More may be needed in your case (25-35%). You could consider asking for additional option incentives aside from straight vested equity options.
Late-stage cofounder here that took 20%. It depends on how important the work that’s been accomplished is on the business and fundraising strategy. In my case, there was some initial indication of product/market fit and traction.
More may be needed in your case (25-35%). You could consider asking for additional option incentives aside from straight vested equity options.