We want him to join us in an incubator/accelerator but we're not sure about his passion or drive. Should we continue to bare with him so that after an accelerator we go our separate ways?
Yes, you have a point in how motivated would I be in his shoes... so then how much equity is fair for getting paid to work but transitioning to founder? My partner and I have not taken any salary/pay (even from paying clients), we actually put more of our money in to bootstrap. Every ounce of additional cash I have goes there, and the sense of urgency from him isn't addressed.
Or is it too late already? I'd love for him to be a founder, but I don't want to hand over equity to a person who is going to make it uncomfortable to work with in the office. We actually prefer him to work from his home office (as does he) so we don't have to be around from him.
Then he'll do random things like switch from us buying him lunch, to buying us lunch - then we're like WTF?
I feel like I'm venting - I'm sorry. I'm just at the point that I would like to see the startup move to the next step...
Thank you for your response!
Yes, you have a point in how motivated would I be in his shoes... so then how much equity is fair for getting paid to work but transitioning to founder? My partner and I have not taken any salary/pay (even from paying clients), we actually put more of our money in to bootstrap. Every ounce of additional cash I have goes there, and the sense of urgency from him isn't addressed.
Or is it too late already? I'd love for him to be a founder, but I don't want to hand over equity to a person who is going to make it uncomfortable to work with in the office. We actually prefer him to work from his home office (as does he) so we don't have to be around from him.
Then he'll do random things like switch from us buying him lunch, to buying us lunch - then we're like WTF?
I feel like I'm venting - I'm sorry. I'm just at the point that I would like to see the startup move to the next step...
Thank you for your response!