A question about splitting equity between co-founders:
I envision a 51 – 49 split. Do you believe this to be fair?
A 50-50 split will bring more trust and synergy in the startup. In the long run it will far outweigh any (non-existent) advantage you think you will have in keeping the 1% share to yourself.
If you have to use the 1% share to end an argument, you have already lost. In deadlock situations flipping a coin will be better than using the 1% share to force your choices every time on the other founder. Remember the saying: Win an argument and lose a friend.
If you haven’t done any significant work on the startup before the other founder join, give them equal share.
