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Equity is for life. It's a bum deal to trade equity in your company for a small amount of cash, unless whoever you're selling to is a real value-add investor or
by rantfoil 18y ago
Equity is for life. It's a bum deal to trade equity in your company for a small amount of cash, unless whoever you're selling to is a real value-add investor or advisor who can contribute more than money for the LIFE of your company, not 6 months of petty cash.
- bigbang 18y agoHe is a real value-add investor than most of the angels :) He has sold a company, founded a couple , worked with many startups/incubators etc...
- rantfoil 17y agoRight, well, that may be true -- however the craigslist posting really only mentions "free rent" in exchange. A real advisor will get stock in your company in exchange for connections, advice, and an ongoing relationship that includes stock vesting. Caveat erus.
- jsrfded 17y agoditto...I have met Freeman, he is a good guy, and he's been through the startup grind and is entrepreneur-friendly. The area around his apartment is walking distance to a great complex with a ton of pan-asian restaurants... pho, korean, huge chinese grocery store, malaysian, chinese.
- pg 17y agoDepends on the valuation.