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If this was answered, I can't find it. - At $5k / 50%, who is covering the costs of creating a separate entity (LLC formation)? - What happens in the event th
by centdev 14y ago
If this was answered, I can't find it.
- At $5k / 50%, who is covering the costs of creating a separate entity (LLC formation)?
- What happens in the event that the project is completed in time, but the addl $3k spent to acquire enough customers doesn't yield any positive results?
- Who owns the IP in case after all is said and done, it falls into a dead pool? IP in code that didn't survive as a startup is still valuable.
- How many side-projects are you funding and are you expected to be directly involved in each one?
Some people look at getting paid $5k to complete a side project as plus. I guess to some it is. Taking 2 months to build means you were paid $2.5k per month (around $15 per hour) assuming 40hr work weeks.
Customer acquisition is the most time consuming, costly and difficult part of any startup. Is $3k really realistic to determine if the market is there?
- uladzislau 14y agoVery important questions here. Also it's much better to validate the idea before building the product.
- aaronevans 14y agoWorry about that crap when you have something to worry about.