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by bitonomics
4335 days ago
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- Where can you find a good co-founder ? Best if it is someone you have known for a while. If not meet ups and places where people with common interests gather. - What share would you offer him (already working 2 years on the project already and invested money in it etc.)? It depends on what type of skills they bring to the table. A vesting schedule is best so that over time they are compensated, but if they walk away a few months into it you aren't screwed. - How would you organize it legally ? Depends on how your projects are organized. LLC or C Corp managing the other entities probably works, but there are a lot of variables and this is where a lawyer would come in. - Would you meet him in person first ? ABSOLUTELY! This is basically a marriage...you don't want to start that on a blind date. - Are there other things you should be careful for ? Be careful of over committing equity and not knowing the person well enough. Another useful thing might be to read this article by Mark Suster: http://www.bothsidesofthetable.com/2011/05/09/the-co-founder... |
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