philipDS
Joined 16 years ago
Joined 16 years ago
Still great progress for having raised to little though.
If your first sale happens within the next few months, I would keep a 50/50 split just because they will put in a lot of effort in the future. Alternatively, you could start your vesting now and and the other founder could start vesting as soon as he joins full-time. Not sure if this is legally possible.
Another option would be to count the difference in time you spent on it and translate that into equity and ask your co-founder to give you that (like 45% vs 55% equity split). I wouldn't go more than 5%, since I prefer to keep things even. Again, you've got a long road ahead of you, so make sure both of you feel comfortable with the split and with future obligations as well.
* Continuously give each other 360 feedback
* Each manager does a monthly one-on-one with all of their teammembers
* We have quarterly objectives, on a personal, team and company level (using OKRs)
* Apart from that, we do continuous pulse surveys, measuring the happiness and engagement of our people
I completely understand the protests.. Tourists are a real pain in Barcelona, especially in El Born/Raval/around La Rambla.
Move to Spain. Probably the best place on earth life/quality wise. Easy to find a tech job (in e.g. Barcelona). Pay is lower of course.
But that $70+ million in outside funding allows Yik Yak’s co-founders to delay thinking about monetization for some time. Local ads are in the back of their minds, said Buffington, but they are not even looking to test that yet. Instead, the company has the freedom to focus on the user experience and growth, which is what they plan to do."
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