Ask HN: Partnership Compensation for Side Project?
Does anyone have any suggestions on how I should structure compensation related to a side project I have that makes money?
- I am not incorporated yet.
- I do not have immediate plans to raise for it, my main project is something else.
- It's profitable, but not really profitable enough to just hire someone.
- While it makes more money than it costs, it is not really a significant amount (yet).
The options I was weighing:
- Get a cofounder and split it 50/50.
- Hire contractors for one-off features (currently trialing this).
- Get a partner(s) and split it something like 80/20.
- I am not incorporated yet. - I do not have immediate plans to raise for it, my main project is something else. - It's profitable, but not really profitable enough to just hire someone. - While it makes more money than it costs, it is not really a significant amount (yet).
The options I was weighing: - Get a cofounder and split it 50/50. - Hire contractors for one-off features (currently trialing this). - Get a partner(s) and split it something like 80/20.
Any thoughts?