this post was submitted on 09 Nov 2023
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There's more to just making it. There's knowing what to make (Product or Research), and designing what to make (UI/UX) and then selling or pushing what you make. You got the 3 H's (hacker, hustler, hipster) and each would bring unique skills. 99% of programmers cannot design or sell worth a cent.
You can use slicing pie model https://slicingpie.com/learn-slicing-pie-model/ to turn everything into a "slice" and calculate fair market value. Time, relationships, money even ideas all have fair market value. You can have real time calculation of equity. In most primitive way you have time based vesting but more advanced tracking like slicing pie has no fixed equity chunks. If someone was lazy and did nothing and got fired, the treatment of their "slices" would be different than if someone walked away for either bad or good reasons. When the startup gets funding, slicing pie model ends and you can accurately price and hire. People's "slices" (equity) is paid off then and you move into salaries and normal compensation.
The builder can try to "usurp" the whole idea but then they would need another person to do the selling and the designing. The sales guy can walk away too and so can the designer. The risk is the same.