70/70

1 min readAug 14, 2018

I would call that type of partnership, which many young startup founders enter into, “70/70.” For them the initial agreement is not a formula of future growth, but a symbol of respect. Each of them wants to be respected and that’s why they demand 70% of the business for themselves. They don’t care and don’t understand how exactly the distribution of assets and profit will work in the future. They don’t foresee forthcoming conflicts and fights, mostly because they are too young or naive (or both).