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I like how some people are complaining that he'll take 80%... for what amounts to just giving you an idea and the first client. Usually we hear the opposite si
by xutopia 8y ago
I like how some people are complaining that he'll take 80%... for what amounts to just giving you an idea and the first client.
Usually we hear the opposite side on HN. "Why would VCs own so much if all they offer is money when we (programmers) do all the work".
I think people should take him up on it.
- avinium 8y agoGiving up 80% for "an idea" is fine. Giving up 80% for the first customer? That's a big ask. Someone noteworthy said that 50% of building a business is going from 0 to 1 customer. The other half is going from 1 to many customers. That being said, this person is assuming a lot of risk that the partner is flaky and doesn't follow through, that financing won't be available, etc etc. In reality, I suspect they're probably building out a 4-6 week MVP, getting a couple of customers, then selling the business as a "turnkey startup" for ~$50k (of which they get 80%/$40k). Not a bad proposition.
- statictype 8y agoGiving up 80% for the first customer? That's a big ask. The customer only exists if the idea is turned into an actual product. Until then he's just a person who wishes his problem could be solved.