If you were working on the site for a few months, and you would ask another person to come in, wouldn't you want to have the final word in important matters?
I think it's very reasonable to ask for that, or you pay up for the time he invested plus a little something to cover the risks he made first, and then you are at equal level.
The truth is, that the focus is currently on a very specific niche which doesn't excite me too much. But what does excite me is the future prospect of expanding to a broader user base and do some cool things in an old space.
I guess you could say I approach it somewhat naively hoping just the experience of being a co-founder would be worthwhile
The truth is, that the focus is currently on a very specific niche which doesn't excite me too much.
Some people say that co-founding a company is kind of like getting married. And other people say that marrying someone based not on what they are, but on what you imagine they might become, is the height of folly.
Anyway, the problem doesn't excite you, and your co-founder's approach doesn't excite you, and your stomach has obviously figured out that this would be a mistake for you even as your brain continues to debate the issue, so it's time to discover a prior engagement and politely decline.
being a cofounder isn't that exciting in and of itself..
i'm working on something i really love, but the small parts of it that are boring are painful to slog through. i wouldn't recommend being in a startup that was nothing but that.
the work is too hard to stay motivated if you aren't super pumped about what you're building each day.
as for the stock, rather than comparing your % to his %, figure out what you would need to get an exit you're happy with after 3 years and 60% dilution from investors, and use that as your lower bound.
I would like to talk to a lawyer who has experience in these matters (my email is in my profile)
How does draftmix obtain its stats? And if I may ask, how much does it cost?