Questions

I started a marketing company 4 months ago focused on helping brands to connect with influencers internationally. I had no employees. My two friends who have full time job saw what I was doing and thought the idea was interesting. They helped me out couple of times (few hours each time) for the past month. During that period, I keep inviting them to join me in the venture, but they expressed high interest but didn't make the moves. (Background on my friends: One of my friend is good at customer relationships - sales, the other has got a entrepreneurial personality but little domain knowledge.) And just today, we won a annual contract from a major brand which is worth ~160k/year and another 2 in the pipeline. If they join me now, what should I consider them as? Should I pay them market salary and give me stock options? Or should I allow them to buy in at a valuations? Or should they still be the cofounders, sub-market salary and have shares vested? Please let me know what you guys think :) Thanks

You can consider a lot of things and get a lot of advices and recommendations from everyone. All of them are right, but finally you have to make the decision. So, the most important thing is that you should feel comfortable with the final picture.

If you do not know the calculator referred by Heather Wilde, maybe you find useful. I encourage you to try it. It always works for me (http://foundrs.com/)


Answered 9 years ago

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