Under ten percent equity founder

1 pointsfinales6y ago4 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?

4 comments

rajacombinator6y 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%.

verdverm6y 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

verdverm6y ago

What's your priority with the company?

finalesOP6y 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.

j / k navigate · click thread line to collapse

Under ten percent equity founder

1 pointsfinales6y ago4 comments

Hi there,

4 comments

rajacombinator6y ago

verdverm6y 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

verdverm6y ago

What's your priority with the company?

finalesOP6y ago

j / k navigate · click thread line to collapse