4 ms·
"talks with an experienced US sales executive" Before you discuss partnerships with anyone, how much do you really know about this person ? What makes him an e
by codegeek 5y ago
"talks with an experienced US sales executive"
Before you discuss partnerships with anyone, how much do you really know about this person ? What makes him an experienced US Sales executive ? Do they actually have a track record ? Has he sold anything similar before in similar domain ? Does he have any contacts who could be prospects already ? I would first worry about all of this and make sure you are not talking to someone who is just talking big or thinks he can sell the product.
If you want to sell in the US, setup your own subsidiary in the US and at best, make him a Director there without majority ownership AND pay him handsomely for deals won. Forget 51%. I wouldn't even give him 5% without track record and history. You can work out an equity deal with vesting with a 1 year cliff. Talk to a lawyer if you are serious.