It is a bit of waste of time also, to be fair. But here’s a great example of where a user hits the nail on the head.
I'm 1 co-founder out of 3. I came up with the original idea but can't commit more than 5 hours/week as I have a full-time job. However, I have 30 years of experience and an extensive network that will advance the company tremendously. I think that with that we should all have the same equity. Do you agree?
This guy Eric – gives a great example of how to divvy up the equity on a company based on Market Value of the work that you are doing.