⏳ how to think about equity (co-founders vs investors)

On a recent episode of the Operators pod we spent almost the entire hour talking about cap tables, equity and co-founders. I think this might be one of the more valuable conversations we’ve ever had on the pod, so I wanted to take it a step further and bring that into this email. How you manage equity, especially with respect to your co-founders and key employees is CRITICAL to many aspects of building a business, not least of which is the probability of success. Before you read the rest of...