I would NEVER join a company, esp. as a co-founder if my vesting was over 10 years for 10%. Nope.
and as @sharemywin states, at 4) he is fully diluted - and would happen way faster than his vest schedule. Especially. given its just the two of you and you still need to build a company, hire people, raise money....
I think the whole proposal is bad. What I would do is give him more - and then when you bring on other entities (investment/employees) the future equity come from your both positions.
and as @sharemywin states, at 4) he is fully diluted - and would happen way faster than his vest schedule. Especially. given its just the two of you and you still need to build a company, hire people, raise money....
I think the whole proposal is bad. What I would do is give him more - and then when you bring on other entities (investment/employees) the future equity come from your both positions.