Under ten percent equity founder

1 points by finales 7 years ago | 4 comments

Hi there,

Because of a part time agreement with the other two founders, I'm joining the full-time much later despite being here since the beginning. However, YC does not treat people under 10% as founders. Would this hard equity cutoff interfere with my title should we go to YC?

rajacombinator 7 years ago |

Sounds like you’re getting wayyy ahead of yourself and asking the wrong questions on multiple levels. (Yet another case of the naive technical cofounder.) A better question might be whether your cofounders consider you to be a founder if you are getting less than 10%.

verdverm 7 years ago | |

Agree, have you gotten into YC? Do you have legal agreements? Does the title matter?

I'd pick up a copy of the book Founder Dilemmas

verdverm 7 years ago |

What's your priority with the company?

finales 7 years ago | |

I will be coming back and taking over a lot of the engineering work as well as operations. This is especially time sensitive because we are trying to figure this out for Demo Day. If I am not able to attend the events since I am under 10%, then it defeats the purpose of my moving out there immediately and continue to just work remote until after my current job vests.