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How Much Equity for CTO?

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Posted by Anonymous on 2012-07-22

PUBLIC:

How much equity is appropriate for the lead product developer of a tech startup? We are hoping he will develop into a full-blown CTO and partner in the business. He has been involved in the company since it took its current turn into software, but part-time and while doing his PhD which is not done. He will not be full-time in the foreseeable future. He has good technical knowledge but to develop as a manager let alone partner needs to be in the office every day but is rarely here because of PhD. Any salary will be limited in the near term because our funding is limited. We expect more funding (possibly even from an existing investor) within 3-4 months when the prototype is done. We offered him 15 percent of the company vesting over 5 years, he says it should be more, we agreed to do a survey on this site and to speak to others about standards. Everything is complicated by the PhD and the fact that he is not full-time. Both CEO and programmers (below the product manager or CTO level) are working full-time. Strong relevant specialized technical knowledge but if we have to pivot or emphasize other technical areas in our product in the future what will count most will be software development, project management skills, entrepreneurial focus and sticktoitiveness. Are there standards on this that we can adapt to our complicated case?

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