My co-founder and me founded a company about 9 years ago. Originally we had a 5-year vesting schedule, so now the vesting period is long over. Two years ago I started to only work half-time. The main reason for working less is a burnout-episode I experience about two years ago. We ensured that he gets double the pay. But we agreed, that we would also talk about our shares again and find a fair solution to rearrange or shares.
Does anyboy here have experience with this? I think it is fair to honor the fact that he works more, but I am not sure how.
Let me give as much data as possible:
- We started the company 9 years ago.
- We originally had a 5 year vesting schedule, that is now done.
- One of our investors owns a single digit percentage of the company, the rest is evenly divided between us two.
- The company has revenues in the (low) double digit millions and profits in the (low) single digit millions.
- Our company has been profitable for the last 8 years.
- It is very hard to estimate the current risk of the company. Corona was tough for us, but we came back stronger than ever. At the same time we sill have a lot of risk because of regulatory environments.
- My co-founders works more than 60 hours per week for the company and earns a low six digit yearly wage.
- I work about 20 to 30 hours per week for the company and earn half of this.
- My co-founder has a lot more responsibilities and a lot more stress than me. He basically runs the whole company, while I help out with special projects.
- Last two years were especially stressful and my co-founder did an outstanding job.
- I think if would have devastating effects on the success of our company, if my co-founder would stop working full-time.
We thought about three possible ways:
- Give my co-founder about 10 % of the yearly profit in addition to his wage.
- Give my co-founder additional bonus depending on yearly revenue growth
- Transfer some shares of mine to my co-founder on a yearly basis
I would love to hear examples on what people think is "fair".
Does anyboy here have experience with this? I think it is fair to honor the fact that he works more, but I am not sure how.
Let me give as much data as possible:
- We started the company 9 years ago.
- We originally had a 5 year vesting schedule, that is now done.
- One of our investors owns a single digit percentage of the company, the rest is evenly divided between us two.
- The company has revenues in the (low) double digit millions and profits in the (low) single digit millions.
- Our company has been profitable for the last 8 years.
- It is very hard to estimate the current risk of the company. Corona was tough for us, but we came back stronger than ever. At the same time we sill have a lot of risk because of regulatory environments.
- My co-founders works more than 60 hours per week for the company and earns a low six digit yearly wage.
- I work about 20 to 30 hours per week for the company and earn half of this.
- My co-founder has a lot more responsibilities and a lot more stress than me. He basically runs the whole company, while I help out with special projects.
- Last two years were especially stressful and my co-founder did an outstanding job.
- I think if would have devastating effects on the success of our company, if my co-founder would stop working full-time.
We thought about three possible ways: - Give my co-founder about 10 % of the yearly profit in addition to his wage. - Give my co-founder additional bonus depending on yearly revenue growth - Transfer some shares of mine to my co-founder on a yearly basis
I would love to hear examples on what people think is "fair".