Hi All, Our startup is about 70% there from the different angles. Software, paperwork etc thought right now i am at a dilema.
The startup compromises of 4 people with this structure Myself: Founder - Time spent (about 1 year 2 months) - 40% Shares MC: Co-Founder (about 8 - 10 months) - 30% Shares DH: Time wise same as me but only on hardware side of things - 10% shares VB: about 2 months ago - 20% shares The issue is this, i sent out an email with the following structure outlining the reasons why and i have recieved an OK back from MC & DH. The issue is that i havnt received anything back from VB and i have a feeling it maybe because he is not happy with his share of the company. Lets look at the roles. Basically the idea for the startup was mine and i have done 100% of all the backend coding, design and architecture, performance tuning etc. All the frontend CSS/GUI Design/ User Interaction/Javascript/ Image creation/Logo (of which there is alot) was 100% done by MC. DH has been there since begining & together we setup the hardware for the test environments, we shared in the cost of purchasing equipment which totals up to be about 1100 - AUD. This was busy in the first 3 months but after that the hardware side of things is obviously quite, he provides hardware as needed and fixes things when they break, also he sources and does the setup of any new requirements prior to giving the hardware to the team so it makes life easy, no more fiddle didle with hardware components or calling people to get cheap mac's or cheap quad cpu servers etc. VB will be doing the mobile component of the application so it is usable from mobile devices. He started about 2 months ago which means that his code has not been integrated into the core product because its still not ready (there isnt much code anyway as there is still some POC that is being done on the mobile side). The mobile component will most likely be in V2 we believe . The dilema is: Does the 20% share seem to be fair, is it to much or to small and amount ? So far VB has been working on the startup for 2 months so his component is built ontop of everything that is already built. All the thinking, POC for the core application at the begining was done only by Myself and MC. His component will be good to have but in terms of time and effort spent on the application he hasnt contributed as much as myself and MC. I know VB very well as we went to university together and we did almost every project together. We always did well but thats because at university everyone in the group can get a 'D' or a 'HD' (so everyone puts in a sellar effort) were in real life there is only 100% of anything and it needs to be shared by effort and input so its not the same. I know his skills and his ability to deliver but interms of effort put, as it stands now, his input is far from equal from the other team members. Anyone have any way to assist or any suggestions as to how to resolve this, what should be the share provided to someone who starts much later. We want to resolve this before incorporation and before we do any integration with the mobile component cause if it turns sour, it would be easier if there was no integration done. Thanks for your help guys and sorry for the long post. --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Silicon Beach Australia mailing list. No lurkers! It is expected that you introduce yourself: http://groups.google.com/group/silicon-beach-australia/browse_thread/thread/99938a0fbc691eeb To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en -~----------~----~----~----~------~----~------~--~---
