A friend and I are starting a company. I get 35%, he gets 65%, because he is putting in money, while I’m just putting in labor. 35% is a large chunk and, to be honest, I’m not the most skilled person for this job (He knows that).
So, after I build the app for us, but before the 1 year cliff, why wouldn’t he fire me and keep 100% of the equity?
We haven’t signed any contracts yet. Is there a way to avoid this potential pitfall?