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Before talking _any_ numbers whatsoever, you should have a face-to-face. Make sure both the product vision and the path to monetization are clear to both of you
by 18pfsmt 15y ago
Before talking _any_ numbers whatsoever, you should have a face-to-face. Make sure both the product vision and the path to monetization are clear to both of you (or, at least you generally agree on direction). Once you've cleared all the other possible issues (e.g. how to incorporate), only then should numbers be discussed.
- mcrittenden 15y agoWhat if relocation isn't an option and the guy lives halfway across the world? Does that present a problem in your mind or is a phone conversation acceptable?
- 18pfsmt 15y agoI think a phone conversation could be ok. One thing to note, I believe the only incorporation option you have for investors outside of the US (assuming you live in the US) is an S-Corp. I guess my main point was to make sure you're on the same page as the potential investor before talking numbers.
- pkamb 15y agoDoes halfway around the world mean Nigeria? :)