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Ask HN: What % of equity is a technical co-founder worth after traction?
I started as a hobby a platform and today we have 14,000 registered users. I teamed up with a tech guy (50/50), we went through an incubation program but he left later for a PhD. Now we've been selected for a top European accelerator and I'm working with new tech guy.
The company exists (myself working full time) for 10 months. He has quit his job after being selected by the accelerator (working part time for 3 months) and wants 50%. He won't be taking a salary but a loan.
I'm a business guy, but I code most of my time, fairly good/proven designer, have strong connections, pitch and sell. I also bring the business experience and the product design through lean validation.
What would be a fair distribution considering he is joining with lower risk?