I'm keen to write a formula that clears up confusion about percentages for early-stage startups.
I don't want to repeat the wheel - does anything like this exist?
eg: instead of simply assigning 33% to each founder at the start (when you have no idea or commitment) you have a big pot you can assign percentage from:
All these percentages are made up as an example:
Came up with idea: 5%
Worked on initial prototype: 5%
Built the v1 product: 20%
Came on full-time to work on the product: 70% vested over year 1
If anyone fails to deliver or drops out then they lose their percentage up to the last stage.
For me this would solve a big issue of expectations and fairness.
I don't want to repeat the wheel - does anything like this exist?
eg: instead of simply assigning 33% to each founder at the start (when you have no idea or commitment) you have a big pot you can assign percentage from:
All these percentages are made up as an example: Came up with idea: 5% Worked on initial prototype: 5% Built the v1 product: 20% Came on full-time to work on the product: 70% vested over year 1
If anyone fails to deliver or drops out then they lose their percentage up to the last stage.
For me this would solve a big issue of expectations and fairness.
What do you all think?