A cofounder is asking for more equity post fund-raising. What should I do?
It usually means something is wrong. Or at least, off:
- If you got the equity splits right at first, usually, big issues don’t come up later. This may be a sign you need to fix things here.
- If your co-founder isn’t willing to take the dilution that comes with raising capital and you are— that could be a sign you guys are misaligned here on how — and if — to Go Big. This is much harder to fix.
In any event, it’s not the right time to bring the topic up if you guys are communicating well. So I suspect you aren’t. You’re aren’t aligned and “thinking as one” co-founding entity. And it’s on a super important issue.
So listen. Right now.