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A new business isn't necessarily a startup, if he has a solid plan to be generating revenue from day one then it would be a business. A startup (as defined by W
by citricsquid 14y ago
A new business isn't necessarily a startup, if he has a solid plan to be generating revenue from day one then it would be a business. A startup (as defined by Wikipedia is):
A startup company or startup is a company or temporary organization designed
to search for a repeatable and scalable business model. These companies,
generally newly created, are in a phase of development and research for markets.
The term became popular internationally during the dot-com bubble when a great
number of dot-com companies were founded.
You can stand to make very good money from revenue share, the question is are his projections good, are you confident in them? Does the business model stand up?
- codemonkeymike 14y agoI actually do have confidence in my friend and his business model. But what seems like a bit but to me is that I think he may look for an out from the company within a year or two of getting off the ground. This may pose another problem like the revenue share being dropped from any deal made to sell the company.