Wanted to know if this was a good idea so I thought I’d ask you guys. Basically a friend of mine I. College reached out to me because I know how to get things moving for a new idea he had. I actually think it’s a really good idea so I agreed thinking that if I pushed hard enough he would give me worthwhile equity.
Eventually the idea was moving along with me basically doing everything, making models for revenue growth, setting up meetings with professionals in the VC space so we could learn what type of startups they like to invest in, etc.
I then told him I want 33% equity or I quit as I was doing most of the work. He was only willing to give me 3%. I quit on the spot.
I was hurt that he didn’t value my contributions enough to give me a real stake but he claims since it’s his idea he’s being generous with giving me any equity.
What do you guys think?