3 ms·
100% you should. Get the optionality to decline if you believe it is too expensive. IMHO, 7% to learn good business sense is very cheap from guys who have seen
by irjustin 7y ago
100% you should. Get the optionality to decline if you believe it is too expensive.
IMHO, 7% to learn good business sense is very cheap from guys who have seen it all.
> Is this negotiable?
From my understanding, it is not, but if you get an offer to join, you can try always try and negotiate.
> I think an exit for what I'm pursuing is very high if we can grow fast enough. (Possibly become the incumbent.) It's a new market and absolutely trounces an existing one.
While you might believe this and it very well could be true, these words are uttered by too many startups/founders, so the words don't exactly carry weight. Disruption, taking over, etc etc. These words used to mean something closer to 2010. Today it's largely noise and words pale in comparison to track record and strong numbers.
> I have capital, but little business experience.
Where does this capital come from? Self? Self funding is always cool to keep 100% control, but taking on investors also helps get strong advice, ideally from industry leaders, while opening doors. Keeps one from a dangerous, self ruining, echo chamber - which by your own admission, sounds like this could happen.