We launched a start-up 15 months ago with following equity structure:
Founder A (me) - unsalaried highly qualified full-time CEO , 50% Founder B - start-up was his idea, no business involvement, but was in charge of raising first funds, 25% Founder C - early $50k angel sourced by Founder B, no business involvement, 25%
We were planning for business to take off in 12 months. It didn’t. Business is growing with great market feedback but looks like we will need full 24 months instead.
Now, we need to raise additional $50-100k and Founders B & C suggest that we pitch in pro-rata to our shares + I carry on as unsalaried CEO (because I’m very enthusiastic and because there is no available alternatives to me).
My immediate reaction is I don’t think it’s right for me to contribute 50% of the funds and extra 12 months of employment. But at the same time, I’m ready to drive through the wall for this business.
Any negotiation ideas/thoughts from dear Reddit?
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