My inverter startup needs more founders to raise eventually VC money. VC always says management is more important than product. I bring to the table an IP porfolio and working prototype, plus expertise in power electronics. A business guy would bring to the table his past work experience in business and close to zero technical knowhow. Yet the VCs prefer the business guy to be the CEO, or have one of theirs to be CEO. I personally don`t care much about title but am concerned about company ownership. I understand with different series of funding I will eventually lose control of the company I found. But initially, before funding, what would be a fair share of the company for the business guy who would become CEO to interface with VC? Shouldn`t I get a % of my company fully vested in return for assigning my IP porfolio while the rest of my shares and all his shares are subject to a 4 year vesting period. I also think of share-vesting as function of performance, i.e. actual results vs projected results. Thus if the guy doesn`t accomplish benchmarks he won`t be vested per planned schedule but by percentage or per other predetermined schedules. He was CEO of a division of a public company that does pretty poor and is shrinking in revenue.
I`m aware that there may be no standard answer but how about some facts from real companies?
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