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>The first $10,000 is cash upfront with no strings attached. The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within 24
by Traster 6y ago
>The first $10,000 is cash upfront with no strings attached. The remaining $20,000 is contingent on Tweet Photo making that much (or more) in revenue within 24 months of the acquisition.
I'm not sure I'd call that $30k given the current revenue needs to grow more than 5x over the next 2 years to get the 20k (assuming the acquiring company even continues to monetize the project). Is that really the terms?
- keesj 6y agoI went into more detail here: https://news.ycombinator.com/item?id=24340211 https://news.ycombinator.com/item?id=24340211