Re: Definition of founder

Hi,

I think the answer of your question is really simple. Founding a firm is
also possible in a team. And I think, that the definition of "founder" as
you want it, is not relevant in this case. It is the question of your
contract of association. And with your OK, you have given a oral contract.
And I think it is also not relevant if he is involved with an equitable
interest. Your founder-status is not affected.

Buit if you realy want a clear definition of "founder" look at some papers
and books. Perhaps Arthur D. Little,

Kind regards.

Markus



"S Chadha" <[EMAIL PROTECTED]> schrieb im Newsbeitrag
news:[EMAIL PROTECTED]
>
> I am looking for people's opinion on definition of "Founder" of a company.
>
> Here is the background:
>
> I founded a company in May 2002 and hence I was the "founder" of
> the company. When I founded the company I had a few employees
> as I raised some seed funding.
>
> In December 2002 a friend joined me. He is a great worker and
> contributed in a major way. As we were running out of money, for
> a few months he worked for no or little money.
>
> He finally asked me if he can be a co-founder of the company.
> I was OK him to be "co-founder" because of his contributions, however
> I do not want to give up my "founder" status.
>
> Any and all thoughts are appreciated.
>
> (As entrepreneurs most would understand the importantace of this
> intangible satisfaction of being a founder)