Ask HN: Distributing ownership, a non technical founder, joining two engineers
I'm facing an specific situation in which we are two engineers joining an start-up
The founder has some technical knowledge but quite limited, he is doing administration tasks right now and he started it around 8 months ago.
We are giving to the founder technical/technological consultancy for his first customer, an small project around 45$. (not investment for now but there are some contacts, also potential customers).
And now we are starting to think on joining to the company, and the founder is offering:
- 10% of equity paying just the first 5% and there is the possibility of distributing equally the ownership equity.
The value of the company is mostly in materials and tools as it's in an early stage hardware start-up.
And the idea is that we will have of course a salary but that will depend on how things develop. But I believe in the team and the technology it's interesting.
The question here is how it would be reasonable that he takes into account the value that we are going to add to the company and how it should be reflected in the price for acquiring ownership.
I don't expect a fast or complete answer but any information would help, I'm also consulting it with a layer but I though that here is an interesting place to ask for opinion more start-up related.
Many thanks.