drinko
Joined 18 years ago
Joined 18 years ago
It wasn't a hazy equity offer.
Instructional copy is written, but not implemented.
Lack of help - again written, but not implemented.
Lack of privacy settings.
Inability to search.
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.
I paid the 35% equity 8 months ago, only to have her quit when the going got tough.
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.
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.
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.
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)
Thanks to everyone for their advice.