Okay, it's been about six months straight we've been working together on PayJa now and everything is pretty much interesting about designing/building the product. Initially, we are a team 5, then three left due to lost motivation as everyone was a volunteer enthusiastically working for free since day 1.
So I hired 2 two developers (on contract) and onboarded one helpful web developer freelancer to the team. Now, it's me and my co-founder heading the team. I am happy she is full of energy and positivity as a great UI/UX designer since day one of the PayJa project, creatively developed the mobile app UI/UX without hiccups.
I can't stop but continue to push PayJa forward. She's got my back.
Do you think it is too early to decide? I do most of the work tho and I did originated the project and all the executed ideas. I would say I did 95% of the work plus initial development investment (bootstrapping)/pre-seed, website, project management, talking to users and prospective investors, pitch deck, financial model, business plan, cloud/hosting resources and all except app UI/UX design.
Now I'm thinking about co-founder equity split. How would you share equity in this scenario? I am thinking about many factors that could influence the share split as I am technically the one who's got his hands dirtiest:
Cost of hiring HRs (freelancers)
Future contribution factors to consider include, among others:
Time to be spent on business development.
Ability to resolve future problems based on the individual’s professional connections and experience.
Value of opportunities lost to the individual due to his or her commitment to the startup.
So.. how do you quantify numerically the amount of equity that each co-founder is worth?