Equity discussion

Hi all - My cofounder and I have built a strong MVP and have confirmed a strong market fit. We are a month away from our officially launch, and we are bringing on a third person to help with ironing out the launch, front end, and a small integration.

He’s a good friend of mine and refuses to get paid till we make profit. I want him to feel like he’s truly a part of our company though.

How do you identify how much equity is enough, and how do you build out a pay structure when there’s no current revenue?

We have been toying with offering 1-2% equity. Any feedback would be helpful.

Thank you!