3 ms·
This is very intriguing. A lot of people have objected to the 50-50 split. It does seem like a lot for the amount of money invested. To me, this depends on h
by geebee 14y ago
This is very intriguing. A lot of people have objected to the 50-50 split. It does seem like a lot for the amount of money invested. To me, this depends on how much work the investor will put into it.
Let me put it this way - if someone with money offered me 8K total for 50% of my side project, and that was it, I'd say no way.
If someone with talent, motivation, and a remarkable ability to get things done offered me nothing other than his or her dedication to making my side project a success in exchange for 50%, I might say yes.
So it isn't really about the 8k. Here's the thing. Suppose you're one of those highly motivated and effective people, but you know yourself and you just aren't the creative force behind a project. You know that there are lots of creative programmers who would produce an app if they could just get away and be funded for month or so. So you offer some money. Instead of finding prototypes and looking for one to fund and support, you're finding programmers and looking for one to produce a prototype. Instead of looking to join an early startup, you're offering a small amount of money to create a startup to join.
Maybe one way to modify this would be to say - if I pass, you keep the money and your prototype, and I give up on my share (or it is greatly reduced). If I decide your app is the one I want to run with, we are now 50-50 partners in the venture.
- ezl 14y agoI think of the proposition as an intro to a PARTNERSHIP. I posted above that I'm willing to match the offer. I don't think of this as an "investment" so much as me trying to kick start a relationship where I'm a cofounder. As such, I'm interested specifically in ideas where I believe I can provide value that the other cofounder doesn't, so we both benefit. I expect it to be an ongoing pursuit where I continue to work on the company. Buying half a company for 5k and then putting in 3k of advertising only to walk away would be the wrong move on my part and that's not the intention I have going into any transaction that may result from this.