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GuestUser450
Guest
Welcome!
A few things stick out:
This might sound harsh but you have to be shrewd, especially in the beginning. What happens now in terms of equity, regardless of real or imagined contribution, is hard to undo.
If he's not bringing anything to the table other than the idea, it's worth something but not 50%. I'd value a creative founder at much less than that.
Also, not sure what you mean by "give credit"? Like him having 100% equity and paying you a salary? I'd flip it 180°and pay him instead. Loyalty and fair distribution are not mutually exclusive.
Why not build and launch that future product/service now?
A few things stick out:
The idea was my cousins
...in reality i will be the one handling everything from start to finish.
But i would like to give all the credit to my cousin and split the profits 50/50. But in the future launch my own products and or services that likely will have nothing to do with him.
This might sound harsh but you have to be shrewd, especially in the beginning. What happens now in terms of equity, regardless of real or imagined contribution, is hard to undo.
If he's not bringing anything to the table other than the idea, it's worth something but not 50%. I'd value a creative founder at much less than that.
Also, not sure what you mean by "give credit"? Like him having 100% equity and paying you a salary? I'd flip it 180°and pay him instead. Loyalty and fair distribution are not mutually exclusive.
Why not build and launch that future product/service now?