I am working on a startup project (software) and I'm really enjoying it. I think the company has great potential.
Up until now, the work has been part time and I've been able to fit it into my spare hours, which is ideal because I have been working without pay because we do not yet have the money for salary.
However, that is beginning to change. We are seeking investment (which looks promising) and I am an integral part of a very small team.
My roles have begun to multiply. My work and feedback are respected and my decisions are helping to determine the future of the company and its products.
I have not, however, had a detailed discussion with the founder regarding payment. We have discussed this often in the context of a future agreement. I feel that now is the time to get something in writing.
If I'm going to continue to work on this project, and continue to take on multiple roles and make major contributions, I feel that the stake has to be quite high.
While I am not risking a loss of income at the moment by working on the project, this may very well change in the near future if I begin to work more hours and take more responsibility. That type of risk warrants a higher percentage.
I am going to approach the founder in the next few days regarding this matter. What is a reasonable percentage to request given the time commitment, work and the risks?
I have written this section a few times in other answers.
Share Split Guidelines We typically have a few standard metrics we use to run through how much a share is worth:
Also have a look at how to earn an angel investor and technical staff for a perspective on your founders' side of the picture.
Eeek, if you haven't discussed it yet that may be an uncomfortable conversation but something that has to happen.
If you are implementing his idea, he is marketing it, leading it, seeking out funding, etc.
Then 30% seems like a no brainer since you are not getting paid at all to work on it, and your pay out is based 100% on the success of the product. So, you are 'investing' a lot of time and energy into this endeavor which may or may not pay out and realistically at this point have probably done 75%+ of the work and spent the most time on it.
You might be able to get more, but that seems realistic/fair to me.
33% for you, 33% for him, 33% whoever is bankrolling it would make decent sense.
Or 25% for you, 51% for him 24% for whoever is bankrolling it if he feels he needs to remain in control.