Partnering up is hard... What we need
I feel like it's really hard to find a cofounder on the internet. And if I ever did find one I wouldn't even know how to figure out the legality of it all. What happens if they don't follow-through? What happens if they are a bad person? Do I give them 20% of the company now or after a set period of time? So many options and uncertainties.
Creative commons made the legality of sharing stuff that would normally have a typical copyright easier. I feel like we need the creative commons of partnering up. If there was less friction and maybe a better way to find compatible partners, this would be a lot easier.
Just my two cents.
Thoughts?
Well this is where having a cliff and vesting periods comes in. A cliff (usually a year long) will allow you to test the person out for a year if they leave before that or you fire them before time is up then they get nothing. Next is the vesting period let's say you get someone and they leave after 2 years they will only get the 2 years as part of the vesting schedule. So if you offer equity of say 20% after the first year they get 5% then the next year another 5% etc etc until the full 4 years are done. There is still a chance they leave after 2 years with 10% but hopefully they added some value to the company where it's ina position that it's making money and then u can hire people etc etc or get investors onboard. Let me know if u have any questions :)
Thanks for the response, useful stuff.
Two tips:
Good tips, thanks.
I hear it more often that the internet as a medium makes everything better and worse and is at fault for this and that. IMHO we are humans and communicate. Doesn't matter how. The question is how well you can do it and create a real human relationship. It is as hard as in a bar as on the internet to get together and stay together. If you have romantic feelings or entrepreneurial aspirations. What might not be clear is a strategy that helps to separate the wheat from the chaff. Though this is something we can figure out. If you want to chat more get back to me on Twitter or drop me your mail. Take care.
I hear you and appreciate the response, thank you.