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Or said differently, what do you bring to the table as a founder that I (as a highly talented employee) cannot immediately replicate on my own? This gap has be
by sixtypoundhound 11y ago
Or said differently, what do you bring to the table as a founder that I (as a highly talented employee) cannot immediately replicate on my own?
This gap has been getting very narrow lately.
- Money? Not really; if we assume I'm coder #1, the cash cost of launching a product/service is <$100,000, well within the range of many mid-career folks with savings.
- Relationships? eh, Linkedin and Google can connect me with many people - most of whom would like an alternative source.
- Business model idea? Oh please, it's most likely been done before in an adjacent segment and well documented; actually, I'm not interested in a model that hasn't been.
- Technical / Process knowledge? um, that's why we're talking...
So yeah, if your goal is to take my contribution, give me 1% equity and keep 20%, it gonna be a difficult conversation...