4 ms·
Way too many unknowns to give meaningful advice. However unless you believe that you've developed a money printing machine you can do the following: Say you spe
by FpUser 7y ago
Way too many unknowns to give meaningful advice. However unless you believe that you've developed a money printing machine you can do the following: Say you spent 1 year developing it. Say you believe your fair salary for that year is XXX pesos and you've also incurred YYY pesos in expenses. So calculate the final price as (3.14 * XXX + YYY * 2 ) and offer to sell at this price.
- zlappo 7y agoWhere do 3.14 and 2 come from?
- FpUser 7y agoWell, make it 2.98 instead. Comes from "take your estimate and multiply by Pi ;)" I think 1:3 ratio is about right. If you do not agree you are more then welcome to make your own number
- grizzles 7y agoIgnore this advice. At least a 10X return is standard. If it's sale or nothing, another option is to leverage his offer to get finance from other investors if that's what you want. I've sold a startup for below what it's worth and it's not a good feeling to see people do really well when were the one who solved most of the big problems that allowed it to exist. Feel free to email me if you want help with the negotiation or figuring out what to do. eric@gregarious.com.au