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 10 years ago
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