Growth Equity · Partnerships

What's a fair split for partners if you are a solo founder and did the impossible?

Anonymous

March 31st, 2016

So say you created a competitive product with great potential. You envisioned it, marketed it, built it, created process, and are now selling.  You also have several years of deep experience leading products in this area.

You went through considerable almost unbearable sacrifices for close to 2 years to create the product but made it happen. Now to grow fast you know you need not employees - but partners. People that can take responsibility and leverage what you have made.

So if you are technical founder, sales guy, product and marketing guy (and you've established a MVP with paying customers):

What should split be for the following (to take fast pace and growth to next levels) - please also provide your reasoning:

CTO
CMO
Sales VP (maybe)
Engineering VP (maybe)

How many partners would you have?  What kind of partners would you look for?  What kind of agreements would you setup?

Any other partners you'd add? I know most pros recommend only one or two partners, but many successful ventures have had several. 

Would you also possibly defer salary to attract talent? 

What would you do in tis situation to attract talent?

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Jessica Alter Entrepreneur & Advisor

April 1st, 2016

There are probably 100 discussions on this topic on FD do a search on equity...

John Naylor Independent Media Consultant

March 31st, 2016

http://foundrs.com Somewhat mechanical yet satisfyingly clear approach here. Sent from my iPhone. Please excuse brevity and auto-corruptions.