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so..their part is to just give ideas? Just tell them that you will only partner with someone willing to invest X amount of money in the idea/product. In my yo
by cheeky78 7y ago
so..their part is to just give ideas? Just tell them that you will only partner with someone willing to invest X amount of money in the idea/product.
In my younger years, I actually partnered with a few friends that told me this. Both times ended in disaster.
The main problem is that when someone has no skin in the game, you can work for a few months on the development side of an idea and they get bored and either aren't interested in the idea when you are finished (which happened the first time for me) or the person thinks that being a business owner means that they get to dictate ideas and you complete them..and try to become your manager/boss (happened the second time).
Ideas are the easiest part. I have tons of good ideas. If someone either can't provide the cash or the work involved in implementing these ideas, they shouldn't be part of the business.
Sean Parker is a good exception to this. He's the richest 'idea guy' I've heard of.