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Possibly.

We've brought someone in 2.5 years after starting and given them a sizeable chunk of equity. Not sure whether we'd "call" him a co-founder or not....but it doesn't really matter. They do have a large % of ownership, which is really what matters more. We likely will never have the need for seed or VC money, nor pursue that path, which might make a difference with something like this?

Edit: Another consideration is whether you're paying this new person a fair-market salary.




They've agreed to a pretty sizable percentage of ownership. None of us are receiving a salary at this point.


If there is no salary, it certainly sounds like they're helping to co-found the business.




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