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Could you expand on the idea of the company? If it's just a freelance web dev company there's no reason he should be getting 50% of the profit. There's no way
by dylandrop 13y ago
Could you expand on the idea of the company?
If it's just a freelance web dev company there's no reason he should be getting 50% of the profit. There's no way he's spending as much time as you searching for clients as you would be building the site. You could easy replace him with PeoplePerHour.
- rfnslyr 13y agoRight now we're going to launch a creative agency. Anything from web apps, web design, mobile web apps, iOS apps, Android apps, I'm able to do all this. I really don't think he should be getting 50% of profits either, ridiculous. He has marketing and business/sales experience. What would you make the "finders fee"? I was thinking 80/20.
- dylandrop 13y agoYeah, that sounds about reasonable. I mean, think of it this way -- as a freelancer, you'd spend about 20% of your time finding clients, sitting with them, getting coffee, landing some of them. By the time you know it, you've used up ~8 hours of your ~40 hour work week. So he's doing 8 of the 40 hours of work, so 20%. Sounds reasonable to me. This is all just an estimate by the way. Mileage may vary.
- rfnslyr 13y agoI just talked to him and he will not do that. So I said "I'll do the work, it will be copyrighted under MY name, if shit hits the fan I take my work with me. All profits we make will be under the company name and all money will only go directly back into the company. We manage the money 50/50. Down the line once you get good and decent with code and you are able to help me out, then we can do 50/50 split of profits since we'll both be equal in workload." I think that is more than fair.