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Wait so it’s free, but they take equity? How does that make sense?
by theturtletalks 7y ago
Wait so it’s free, but they take equity? How does that make sense?
- nestorherre 7y agoThe free part is about BUILDING the idea, so you don't have to pay anybody to have it done (basically 0 risk and effort). If the idea works, they will get equity, if it doesn't, you didn't lose anything. It's a mix between a tech cofounder and an investor, and for me, it makes a lot of sense.
- mjcarp 7y agoThink of free as meaning a "free pass," you get to make a business without failure meaning debt that will follow you around. If the business fails, you walk away with the only thing lost being time