Chris Koerner
π€ SpeakerAppearances Over Time
Podcast Appearances
And the one time I've seen it work to split equally, the two people had known each other for a long, long time.
And they were both late in their career.
So they're like, you know, when we think about rate of development and potential, they're
Not only did they have a strong relationship, they'd known each other a long time, they'd worked together for more than five years together.
And they're sort of later in a more mature phase of their career where, you know, like the kids situations figured itself out.
Are they going to have kids or not?
And there hasn't been some of the big life disruptors that sometimes can come along and change things.
And then I can think of another example where two people knew each other.
They were very, very young.
They'd worked together before.
The contract went in 50-50, although it was never really equal.
And then their rate of growth changed wildly where one person...
really just like became a superstar.
And they look back at the contract and it was 50-50.
And I remember being privy to the conversation where that person turned around to their business partner and was like, this is not fair.
This company without me goes to zero.
Without you, it keeps growing.
And there was an adjustment made to the equity at that point, which is hard to do because of tax reasons and stuff.
The one thing I will say about a 50-50 and going in with someone that you've known for a long time or going in with your best friend,
that can be really freaking fun.