UnfairAdvantage
How much equity should I demand ?
what is the standard for doing the full tech stack and basically getting an MVP made
The founders have said 7% but that seems like a joke to us honestly considering they'll be seeking funding on our work
3mo ago
ChickenParadox
Bro will you be able to get funding on your own? Surely they will be raising money on your work, but suppose that they won't get funded and as a majority shareholder are you willing to put in money from your pocket? Believe me you don't want to go down that road I was on similar paths as yours we have our MVP ready but at the end our CTO got greedy and asked for the majority, unfortunately our Co-founder left and till now we aren't able to raise funds
UnfairAdvantage
Stealth3mo
thank you for responding, but I'm a little confused by your reply - how am I a majority shareholder(pardon me if this sounds dumb as i may be missing out on the technicalities) aren't the founders(2) the majority shareholders? Also, I'll be demanding a 10% consultancy fee on the project costs + coming in as founding team members..that virtually secures our position against the chance of not getting funding or general chaos
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