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Selling 80% equity is effectively an exit. Just think if you are willing to sell a company for that much, and if so, go for it. Having no control over what rema
by anovikov 11y ago
Selling 80% equity is effectively an exit. Just think if you are willing to sell a company for that much, and if so, go for it. Having no control over what remains will make you effectively hired managers working for 10% of profit each, so after that, what kind of salary they are willing to pay you will be your biggest concern. Making something which is easy to replicate doesn't put you in a good negotiation position for sure, so maybe just take this cash, then walk away, and use the money to fund yourselves for a couple more years to build something that isn't that easy to copy.
- finalight 11y agoWe will be locked in if we were to take the 80%. So even if there's full exit, we are still required to work inside or can't proceed a startup straight after that.