4 ms·
don't swap contacts for equity. Go to opencoffee/linkedin/events and network. Investors aren't hard to find, and finding them yourself just proves how awesome y
by pclark 17y ago
don't swap contacts for equity. Go to opencoffee/linkedin/events and network. Investors aren't hard to find, and finding them yourself just proves how awesome you are.
- paulsingh 17y agoTotally agree. A long time ago, someone once told me that "contacts aren't contracts" - sure, it's cheesy but it's perfect for this situation. If I were in your shoes, I'd plan on going to events and steering clear of your "friend" -- doesn't sound like he had your best interests in mind.
- ScottWhigham 17y agoWhile I second the advice not to swap contact for equity, I might swap his getting me the contacts and getting the deals done for equity. 50% seems quite steep to me though for that; I'm with whoever said 5% but even that might be too high or too low depending on the value of the contracts he's able to get signed. One word of caution, OP - be very careful of people on HN telling you absolutes. I see it over and over on this site: smart people are quick to offer advice in the form of, "This is how you should do it. That other way is ridiculous. {I|my friend} did it like this and we know it works." Careful... Just because one person says one thing works doesn't mean it will work or is right for you. And I don't mean to douse anyone's flame on this thread; I'm just trying to add a bit of perspective.