news.ycombinator.com• Aug 25, 2009• 1 min read
Incorporation and stock sharing dilemmaHi everyone, This is my first post here. I have been just a silent reader all this time. Finally I get to post something as well. Hope this helps others as well.So, let's get started. (P.S. - I am avoiding mentioning names of stuff like university etc, since it will be veryembarrassing if this gets read by my future co-founder, as he doesn't know about this dilemma i am facing yet)First, A little background. I graduated as a Master's in CS from a reputable university thissummer. I am planning to start this company that uses AI to solve some major NP completeproblems related to resource allocation problems. It's planned to be a software product company.This has been a product of my master's thesis. So, obviously the IP(Intellectual Property) is in both mine and my adviser's name. This idea isbasically an evolution of his idea, which his earlier students had been trying their hands on,but it didn't quite work as well as it was supposed to be.And finally, I came along and with all my magi