Align co-founder incentives and motivation. Agree on your project share. 1) Set up up your co-founders' equity distribution before you start building 2) Digitally sign agreements 3) Use the Contributions Tracker to track co-founder contributions
I've been burned too many times building an MVP, only for a co-founder to renegotiate terms later on. Conflicts like these drain motivation and kill projects.
Have you experienced this before? Start your MVP properly. I hope this will help future teams avoid this common pitfall.
Great Idea! And I can confirm that those kinds of conflicts can kill a project (one of the reason startups can fail). I like the fact that's it's a one time payment and very affordable. If it can help, I took the initiative to feature your launch week deal on makerlaunch.deals
To be honest, this is a very idealistic project, and the field is very non-standardized. But trying to do it in a standardized way, I personally am not sure about the future direction. Best wishes.
Regarding "to track co-founder contributions" – how does this work? According to what is "numbered" the relevancy of contribution? Because this item can be very subjective from the angle of view of one particular co-founder (contributor). Idea definitely sparked attention.
Not really sure about the legal side of this. Is it actually enforceable? Does it work outside the US? Anyways, congrats on the launch!
