Comment by jackthetab
6 years ago
> And again, if you think founders should take less equity then you're free to start your own venture and show everyone how well it works. I've yet to see single example of this though.
This topic was covered in Episode 3 of Gimlet Media's "Startup" podcast[1]. He ended up do a 50/50 equity split. They seem to have done well for themselves[2].
[1]https://gimletmedia.com/shows/startup/8who49/gimlet-3-how-to...
[2]https://en.wikipedia.org/wiki/Gimlet_Media
(And why this reply is not properly indented is beyond me.)
They're both founders and equity is split evenly between them, which is extremely common with any startup.
That's not the same as founders giving up majority to their employees.
I'll have to go back and re-listen but IIRC the other guy wasn't a co-founder, he was employee #1.