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Early-stage Startups: If someone proposed a deal with me to control 60 percent of my company, and I had the remaining 40 percent, is that a good deal?
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Praveen Puri - Strategic Simplicity®, Former CEO, Executive Business Advisor, Increase sales, profits, and market share answered:

Realize that, if you give up more than 50% in your company, then effectively you are selling your company and it is no longer yours.

So, the other person doesn't have 60% of your company. You have 40% of his company. He calls the shots. You are a junior partner/employee.

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