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Under ten percent equity founder

1 points by finales ↗ HN
Hi there,

Because of a part time agreement with the other two founders, I'm joining the full-time much later despite being here since the beginning. However, YC does not treat people under 10% as founders. Would this hard equity cutoff interfere with my title should we go to YC?

4 comments

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verdverm
What's your priority with the company?
finales
I will be coming back and taking over a lot of the engineering work as well as operations. This is especially time sensitive because we are trying to figure this out for Demo Day. If I am not able to attend the events since I am under 10%, then it defeats the purpose of my moving out there immediately and continue to just work remote until after my current job vests.
rajacombinator
Sounds like you’re getting wayyy ahead of yourself and asking the wrong questions on multiple levels. (Yet another case of the naive technical cofounder.) A better question might be whether your cofounders consider you to be a founder if you are getting less than 10%.
verdverm
Agree, have you gotten into YC? Do you have legal agreements? Does the title matter?

I'd pick up a copy of the book Founder Dilemmas