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You make an offer, he can either take it OR he can pay you that price and buy you out of the business. Sign an agreement to that effect before you make the off
by jellicle 15y ago
You make an offer, he can either take it OR he can pay you that price and buy you out of the business. Sign an agreement to that effect before you make the offer.
Thus, you will offer enough that if he decides to buy you out, you'll be satisfied with the amount. This is the fair price. You cut the cake, he gets to choose which half to take.
- buyingout 15y agothis sounds like a fair approach - a shotgun clause right? i feel emotionally invested in the product since it was my idea, but he put a bunch of time into it and we both believe in it.
- afdssfda 15y ago"i feel emotionally invested in the product since it was my idea, but he put a bunch of time into it" Ideas often aren't worth as much as execution.
- buyingout 15y agowe've both contributed equal time to it, using our different skills. he's written more of the code, but the designs are mostly mine, and i've done all the research into advertising, CTR, managed our intern, and done the biz admin.