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My two cents on funding and co-founders: Here in the US, recent deregulation has opened up venture funding online, drastically reducing the 20% carry (commissi
by ioblomov 4y ago
My two cents on funding and co-founders:
Here in the US, recent deregulation has opened up venture funding online, drastically reducing the 20% carry (commission) Silicon Valley has traditionally charged. As an example, RUV Alliance, a syndicate of angel investors, gives founders access to 1,200+ accredited investors at zero cost (investors pay a one-time 2% management fee). I don't know what the implications of being in Europe are, but you can find out more at https://ruvalliance.notion.site https://ruvalliance.notion.site.
Assuming you've already got the technical side covered, I'm thinking a co-founder should be recruited mainly for their sales or, perhaps, regulatory expertise. Not sure how Germany compares, but B2B (business-to-business sales) here is built primarily on relationships and healthcare's heavily regulated nature makes it even tougher to navigate. Guessing someone with the relevant experience and contacts could make or break the company, making a sizable minority stake worth the sacrifice.
Hope that helps!