Recent submissions

Comment · 18 years ago
I've seen it, and have it running on my server in alpha.
Comment · 18 years ago
it didn't.
Comment · 18 years ago
thanks for the support benn.
Comment · 18 years ago
She wasn't initially hired as an employee - it was more of a contract agreement to develop the beta, with the option to come on as a full partner if we were working well together.

It wasn't a hazy equity offer.

Comment · 18 years ago
the non intuitive nature of some of the UI features.

Instructional copy is written, but not implemented.

Lack of help - again written, but not implemented.

Lack of privacy settings.

Inability to search.

Comment · 18 years ago
29% can be reclaimed in a straightforward manner.
Comment · 18 years ago
nostrademons, please re-read the original post.

I never had 94%

I was eventually ok with giving up founder level share, but expected founder level commitment. This is where the gap lies.

Comment · 18 years ago
nostrademons

I paid the 35% equity 8 months ago, only to have her quit when the going got tough.

Comment · 18 years ago
She left because we ran out of money.

Scope creep was limited.

The company owns the IP - we did sign paperwork on that.

In case it isn't clear, at the time I did agree to giving her the 35% in equity. I currently own 45%.

She has agreed to documenting and transitioning the app.

Comment · 18 years ago
I don't have any programming experience beyond BASIC as a 5th grader.

Market research, ethnographic study, trying to raise more funding,(too early for VCs here, and there are not many risk taking angels here), running the ongoing alpha, liaising with patient groups, and health organisations, writing copy and designing interfaces. Learning about tech startups is a phase transition from the perspective of a nurse.

Comment · 18 years ago
I raised the funding, performed the market research, liased with many different health organisations, classifed the information in the database, wrote all the copy for the app, and created the interface mockups working with a designer.
Comment · 18 years ago
pg,

The idea was that always that she would be a full co-founder. We agreed on a low equity split initially because of the asymmetric risk we were taking. The idea was always to increase her stake 6 months into the project, but not in the way it happened.

I met her through a friend, and 3 months ago would have been proud to call her my cofounder.

I am going to learn to hack regardless, I am just trying to figure out the best way forward in the short term, as the payoff for learning to hack will be a few months.

Comment · 18 years ago
The investment round was 20%, and I have a 45% stake.
Comment · 18 years ago
Well, my monthly outgoing are $2000 a month, so it kinda feels garagelike to me.
Comment · 18 years ago
"this is a set of circumstances where the developer had most of the leverage, you failed to recognize it and got burned"

This is true to a degree. We agreed to the initial arrangement as a fair deal, but I didn't appreciate the way she swtiched terms on me, and then bailed when the going got tough. (ie funding ran out)

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