Changing a 50-50 Equity Split — with Tim Tutt of Nightshift Development

Tim Tutt is the cofounder of Nightshift Development. They bootstrapped themselves up to 160% year-on-year growth — this year they’re estimated to do $15 million turnover. 

And today, Tim takes us to booth 203 at his local restaurant, Earl’s. 

He’s about to bring up the equity split with his co-founder and how they should move forward. 

His co-founder is a very good friend. So much so, he was the officiant at Tim’s wedding. 

But after a few years in business, the 50-50 equity split they originally agreed on, no longer made sense.

Tim is nervous. He’s spent 6 months questioning whether or not he should have this conversation. 

But it had got to the point where, for the business to continue growing, the dynamic needed to change. 

In this episode, we discuss

• The importance of having a co-founder
• What happened after that conversation
• The impact putting off this conversation had on Tim’s life

Tune in, as Tim reflects on how he would deal with the situation if it happened again, and insights on whether a 50-50 equity split can ever work.

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