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Forums » Commercializing Your Invention

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    • 1 posts
    April 23, 2012 10:53 AM EDT

    I am starting a company to build a software product.  I previously built an application for the company I work for.  The company I work for has no interest in the product other than using the version they have.  I started to re-engineer the application outside of my day job.  I realized that I need additional programming talent and found someone with the desired skill-set.   Since the idea, design, and about %25 of the programming is already done, and I expect to split the work with the other resource about 50/50.  Can anyone suggest a fair percentage to give the new person?  Also, what should be the split on costs of starting the company (servers, licensed development software, lawyers, etc.)?  Is it better to give a lesser percentage and I cover all costs?  If the industry matters, the application will be initially targeted to colleges/universities and will be a hosted application.

    As a side note, I don't have the resources to just hire someone.