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Why give up equity? Will these people be offering genuine marketing (tailoring and designing your product to address specifically identified markets) or will t
by tom_rath 18y ago
Why give up equity?
Will these people be offering genuine marketing (tailoring and designing your product to address specifically identified markets) or will they just be 'sales guys'?
If these folks will just be bringing in contacts and shilling the work you create, I'd recommend offering them a very lucrative commission on sales instead. Say, a ridiculously high percentage for the first n-years, with that amount declining over time to a regular commission as scale and sales revenue increases. Then, these people will only be rewarded (and rewarded handsomely) if they deliver on what they say they can produce while you retain full ownership of the intellectual property you will have 100% role and responsibility in creating.
- vaksel 18y agoit sort of reminds me of that post a few months back, where the guy's business was going very slow so he got some VP from a sector leader and 3 months later he had to fire him because the guy was just doing such a horrible job. Granted in that story I believe the guy was getting paid..but here its even worse, since you'll give up a chunk of your company and there is zero guarantee that the guy will live up to his resume.