4 ms·
I understand the spirit behind "don't nickel and dime me". But remember that stingy is a trait that comes in handy for negotiating investments, supplier agreem
by danshapiro 16y ago
I understand the spirit behind "don't nickel and dime me". But remember that stingy is a trait that comes in handy for negotiating investments, supplier agreements, pricing, and exits.
There's a crucial difference between someone who's stingy because they don't value your contribution and someone who's stingy because they're cheap. Run from the former, but you may find you like the latter once you're on the same side of the table... which you will be for many years to come!
- jacquesm 16y agoThe key distinction is 'are we making money of each other' vs 'are we making money together'.
- raganwald 16y agoNever forget Rachel from Bladerunner. If a CEO offers you 1%, you aren't in the business, packaging up your skills and selling them on to other investors so the CEO can cash out while you stick around for your so-called options is the business.
- TristanKromer 16y agoA co-founder relationship shouldn't be a zero sum game. It's often valuable to be stingy, but you'll be spending more time with your co-founder than with your kids. The relationship has to be strong.
- jarrett 16y agoI've never had a cofounder like this, but I've (almost) had freelance clients who tried to start the relationship by sending an aggressive, strongly-worded, and one-sided list of rules. (Rule 1: You shall not be paid until final delivery. Rule 2: You must provide 24-hour turnaround; failure to do so will result in a $250 penalty. Etc..) It's not about the money, but the attitude it demonstrates. It tips you off that the person will be unpleasant to work with, and imagines themselves constantly defending against people trying to take advantage of them.