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3. You are hiring employees: hiring employees comes with a host of issues such as (i) non-compete agreements, (ii) ownership of invention agreements, (iii) employee tax withholding, (iv) employee safety policies (like no harassment and privacy, etc.), Lawyer time required: 5 to 10 hours dependent on how fast you are hiring.
When 4-5 founder companies work, it’s because two founders dominate. Two founders works because unanimity is possible, there are no founder politics, interests can easily align, and founder stakes are high post-financing. Build in foundervesting (a.k.a. Geeks can always be hired.
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