7 karma · joined May 17, 2007
Like say, you are doing a dating site and a social networking site, which was the case for Intermix Media, parent of Myspace
By the way, how do you downmod?
Side note: My karma is 21, baby =)
p(success | more than 1 founder) is higher than p(success | only 1 founder)
(assuming trying to network yourself into his level is futile)
So if the valuation is 30m or more, he get 10% + 30% = 40% If valuation is 20m, he get 10% + 20% = 30%
Fair?
He wants 50% equity, if he could get VC funding based on a high company valuation, say USD 20 million (which i think is really high for my startup). If he can't reach the target, then he'll settle for less.
Is this fair? I put in the hard work for this past 7 month. All the idea is mine. now he wants to be on the same level as me, just because he can get funding based on high valuation.
If not, how much do you think he should get. Considering that he's being hired in an important position - CEO.
How much did Pierre Omidyar give Jeff Skoll?
But what about the legal side? The tax you have to pay for this foreign worker? etc.