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by brudgers
5379 days ago
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>"Also please note as just a key employee we were going to give him 3-5% equity in the company." A key employee who is putting $50,000+/year into your company is getting 3-5%? Are you really worth $1million to $1.5 million after a year and will you be worth twice that next year...just so he breaks even (assuming he is only working 2000 hours a year)? Sorry, but if you are losing clients then you and your cofounder aren't selling coal in Newcastle, and the fact that the programmer isn't welcome in the office and is being blamed for all the problems raises a question about who is actually a dick. |
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I came to ask this question on HN because I wanted devs opinions, I know non-tech founders get bad reps here - and I understand if you want to attach that bias to me.
I put my life savings into this project, I didn't ask for favors. He makes us feel uncomfortable in our office, and cancels everytime I ask him to come in. We only work on Saturday/weeknights, because I have to have a job to pay for this startup endeavor.
I don't assume we are worth $1 million or anything. I don't mean to take a defense stance, but I thought giving a portion of the founders equity made sense since he was taking a pay cut from normal hours. If he would've worked for free (like we are) he would've got founder's equity, but we still need a frontend dev which we had to pay for because he frankly said "I can do it, but I don't want to".