Someone reached out to me to join their pre-funded early stage start up. The guy started the product by himself, attended an incubator, Outsourced the product and the app to be built at his cost and handled the data and ML for this product himself. He wants me to be the CTO and handle the mobile app as well as the backend. There are seven units sold and he’s in talks with some VC trying to raise approximately 200 to 500,000 in seed funding.
He’s not looking to bring me on as a cofounder but just as a CTO.
My question is at this stage is 25% with a six month vesting Cliff fair? Typically at this point I would only consider 50% and cofounder status but he has put in the time and money so I can understand why he doesn’t want to give 50% but does 25% seem too low?
He originally only wanted to do 20% with 1 year cliff.
He’s not looking to bring me on as a cofounder but just as a CTO.
My question is at this stage is 25% with a six month vesting Cliff fair? Typically at this point I would only consider 50% and cofounder status but he has put in the time and money so I can understand why he doesn’t want to give 50% but does 25% seem too low?
He originally only wanted to do 20% with 1 year cliff.