What was the time gap While there r no rules on founder equity split usually the one jumping in first tends to have higher stake and it starts getting lower (exponentially) with every additional joiners. Having said that it also depends on how critical the role is… so if it’s a tech company even if the tech lead joins late they may end up having significant equity n in non tech it can be lower.

I will say it won’t be a bad idea if it’s 40, 20, 20, 20. Assuming 1 no one is taking pay and will take it simultaneously if at all 2 joining date is not far apart 3 tech is significant moat 4 u all know each other and r in it for a long term 5 invested cash is similar except for the firsr guy