&gt;    My co-founder took a salary for n months and I didn’t<p>This shouldn&#x27;t be ignored however.  If one founder has more immediate liquidity needs than the other, the non-salary-taking founder should receive some compensatory benefit for leaving cash in the company.  The way that I like to resolve this is for the non-taking founder to essentially be paid in convertible notes or some other form of equity for the salary that they are giving up.  In other words, founders split the initial equity pie equally, but then have the option of receiving cash, notes, or some mixture.<p>If I can figure out how to make interpolated equity work from a tax perspective, that would be the optimal solution.  <a href="https:&#x2F;&#x2F;medium.com&#x2F;this-time-is-different&#x2F;interpolated-equity-12ddebcc63ef" rel="nofollow">https:&#x2F;&#x2F;medium.com&#x2F;this-time-is-different&#x2F;interpolated-equit...</a>