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While I'm technically freelance (designer/ developer), the majority of my work in the last year has come from two local entrepreneurs. I also work part-time from one of their offices.
We just landed some investment in a large social media project, and we'll be forming a new company to handle the codebase/IP. We looked at some sweet premises this morning, I've been asked to name my salary and I'm in the process of getting a development team together.
I'm not putting anything in myself other than a small codebase but I'd like to maintain some control over the work that we take on and obviously not get left behind if things take off... What should I be looking for in terms of a share of the company? An other assurances I should be looking for?
Be on the Board of directors to have a part in guiding.
Be a part of selecting other board members.
Ask for what you're worth (in both salary and shares) - you'll probably put more time in then anyone.
Get investors that can add more then just money (connections, expertise etc...)
Can I be Director & C.E.O. ? Guess so. Meeting in an hour, gawd I hate talking about money.
Don't be CEO! Do talk money and do form a contract.
Let us know how it works out.
I have a board meeting myself this afternoon. I have 20 pages of financials to review... blah.