I'm taking on a strategic partner to be the medical advisor and possible future COO. He will be working for equity until the company is profitable. How do determine a fair equity equation over the next 3 to 4 years?

Kind of tough to answer based on limited info. But it will be a significant percentage of the business.

I would expect he should end up with 75% of the ownership you have. (i.e. you have 1MM shares he would have 750K), but at the end of the day it is whatever the two of you negotiate.

Answered 6 years ago

Unlock Startups Unlimited

Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.

Already a member? Sign in

Copyright © 2020 LLC. All rights reserved.