Under ten percent equity founder

#1

Post by finales » Sat, May 04, 2019, 11:38 AM UTC

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?

Re: Under ten percent equity founder

#2

Post by verdverm » Sat, May 04, 2019, 5:58 PM UTC

What's your priority with the company?

Re: Under ten percent equity founder

#3

Post by finales » Sat, May 04, 2019, 9:56 PM UTC

verdverm wrote: post #2

What's your priority with the company?

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.

Re: Under ten percent equity founder

#4

Post by rajacombinator » Sat, May 04, 2019, 10:52 PM UTC

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%.

Re: Under ten percent equity founder

#5

Post by verdverm » Sun, May 05, 2019, 6:08 PM UTC

rajacombinator wrote: post #4

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%.

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