Hi everyone, I will likely be working with a very talented grad student who will help to develop the methodology, select appropriate data sets, and conduct much of the computational analysis to inform development of our prototype. He will also do some programming to help build the prototype. He will not stay on as CTO.
He has requested “equity”. Could you let me know if this is type of equity request is typical (in addition to payment,) for someone who does not stay on as CTO? If so, what type of equity arrangement and proportion is appropriate? When would the amount be determined (before he starts work? after)?
Thank you in advance for your help and feedback.