4 ms·
How can someone trust you with their valuable ideas and already in-motion projects?
by system2 7y ago
How can someone trust you with their valuable ideas and already in-motion projects?
- grantsch 7y agowell there's a trade-off. they get money in return.
- TuringNYC 7y agoMake sure there are clear milestones and metrics with an earn-in vesting schedule. The last thing you need is a stranger who immediately owns 25 or 50% of your company doing nothing except collecting rent 9or encumbering you’re business. That said, if the arrangement can be structured to be fair to both parties this sounds like a great deal. One particular thing I’d warn techies about are “business guys” asking for an ever longer list of uncompensated enhancements, only after which they put in their effort. If anyone suggests this — run. Both sides need skin in the game.
- grantsch 7y agoI agree w/ you on this. Complicated earnout arrangements aren't something we're interested in. We're interested in taking over businesses and using our skillset (marketing for me / software for my partner) to unlock value in the business