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by lnsignificant 4659 days ago
Tough situation, and you never mix money and family, but I would give him a piece. Not because he thinks he deserves it, but because it's a nice gesture and he's probably right that he will probably be investing into it. I don't envy the decision you have to make, but if your relationship with him before this was great, I would personally let him in.

good luck

2 comments

You could always grant him a piece, say 5%, with incentives that can be granted over time while certain company KPI's are met (you both could co-write these), pushing up closer to 10% in the event of some sort of fund raising he would be a part of. This covers a lot of your risk, and sets the stage for a solid working relationship. You need to manage both in this instance, which makes the relationship more complex, but could end up with you having your cake and eating it too.
Can this all be done at some later point in time?

edit: I just feel like there's a deeper, darker, emotional issue that needs to be addressed. My dad feels like it's my duty to include him because I've been spoiled all my life. I just see this as unfair. Also, I kind of want to do something on my own for once without having my father hovering above me.

If he agrees to it. Just out of curiosity, why do you care if he's doing this for less than altruistic reasons?
I see, but at the same time the conditions can always be modified later on, can't they?

Also, our relationship is borderline enmeshed/co-dependent. If he gets on board my company, he'll be able to control my decisions to a great extent.