Hi everyone, I have a dilemma as a solo-founder.<p>I have been working on an app for almost a year and released 2 versions that are bringing me closer to my goal (did the design, worked with freelance devs to get it up and running on iOS, Android with a rails API which rounds up to around 20K )<p>I got to a point where I am confident about our next stage version which should be available in 3 months. Of course I am biased, but from day one I have had this version in mind and think that it will be what makes the app work or fall into oblivion.<p>I worked at FB on the business side (partnerships, was head of growth of a startup that reached over 50M of downloads and dabble in code even though I havent coded so far.  One of the freelances I&#x27;ve recently been working with (backend + iOS) wants to join as a co-founder and I am wondering what would be a fair equity.<p>He is in his last year of school, is pretty good and motivated.  If the company takes off we would probably need an experienced 5+years CTO but he would definitely be a strong engineer.<p>What I&#x27;d feel comfortable with is to continue on a freelance basis until we know if this version is the awaited success I have in mind, and give him 5% then. What do you all think?<p>Here is the retention of the second version (tested on ~600 users)
1 - Day retention 54%
7 - Day retention 28%
14 - Day retention 20%
8 - Week retention 10%
Late co-founder/first employee equity