What equity percentage for a co-founder joining after de-risking?
petervandijck: It sounds like Alice isn't ready to join until Bob reduces risks. Fine. Then they shouldn't agree on a percentage now, they should negotiate AFTER those risks have been reduced. Else you're talking theory in lala land. Alice should walk away, saying "call me when". Bob should reduce risk while continuing to look for cofounders.In any case, this doesn't sound like cofounding, this sounds like first employee.