Next time... :)
Make sure all co-founders' equity is vested.
Don't do a 50-50 split. One person needs to have a majority stake. Otherwise, you spend too much effort being a democracy instead of a startup.
Make sure all co-founders' equity is vested.
Don't do a 50-50 split. One person needs to have a majority stake. Otherwise, you spend too much effort being a democracy instead of a startup.
There's a twist to the tale though: we haven't incorporated a company yet. No shares have been split; we've just got a verbal agreement that we'd divide them up that way. If I wanted to do a Zuckerberg, I could quite easily register the company and put myself on as the sole director.