from Hacker News

Company was originally started 2 years ago. Just now starting to get some traction but we haven't figured out who owns what percentage of the company yet. No revenue yet. The only expense so far has been paying Person 2 for time working. No outside funding.

Person 1: Had the original idea. Has been paying person 2 for developing the site out of pocket. This person wants 51% ownership and no less so that they will never lose majority ownership in the company. This person has the money to cover expenses up to a point.

Person 2: The programmer/marketer/designer. Has contributed a lot of time to the company but has been partially compensated by person 1. This person considers themselves an original founder and wants a large percentage of ownership but doesn't have the money to pay expenses when they arise.

Person 3: A potential investor that came into the picture only recently. Has not yet contributed to the company yet.

We are currently at:

Person 1: 51% Person 2: 30% Person 3: 18%

Obviously this isn't very fair as person 3 hasn't yet contributed but owns 18%.

What happens if we accept investing at a later date? How does that effect ownership pct?

Looking for some advice...