| Yes, 10% is fair, but it's also fair to be diluted down by the other founders in the future. Experienced founders also have vesting periods. It entices founders to stay, and is a fair way to value a founder's work when they leave. Typical 4 years with major events triggering a full vest. $500k raise doesn't qualify here. Each partner in your case is 1/3, presumably you are all considering yourselves at the same market rate, so your time spent is the same. If you were to have done a 4 year vest, you would be getting 1/3rd of your shares at 16 months. It's fair for you to receive 1/3rd of the current 33% of shares which is even more than 10% today. However, expect to be diluted down as the vesting for the other partners continues. ----- Here's another way to look at it without retroactively creating a vesting schedule. Each of you have contributed to 1/3 of the business, entitling you to 1/3rd now. Going forward, the remaining founders will be incentivized to stay by having new shares allocated to them. Say, in 16 more months, the number of shares allocated will be double what it is today, and split between the two remaining founders. Your size goes down, but in proportion to the value that you are no longer creating on the business. In this scenario, you need to work out that future allocation before you finish the 500k raise. |