3 ms·
Thanks for that quote! I will use that. Yes, I'm aware of the "90% issue" which is why I estimated three more months. They were telling me it would be 2 or 3
by mattm 13y ago
Thanks for that quote! I will use that. Yes, I'm aware of the "90% issue" which is why I estimated three more months. They were telling me it would be 2 or 3 weeks. But I was able to look at the system in depth.
For your questions:
- they will also be using this product in their own business and want to sell it to other businesses. It is a generalised management and scheduling system. Customers schedule appointments and come in. (I identified that this is a risk for me because if we finish it but can't sell it, they still get the benefit of using it in their own business)
- this would be an independent company but I'm assuming we wouldn't draw up formal paperwork until later on
- they work full-time on their business. This has just been a part-time thing (which is why it's taken so long) and they will continue to be involved part-time (more on the sales side whereas I would take over handling all the technical side)
- no salary for anyone from this but they do get salary from their other business
- vesting time was not discussed but I would propose it for everyone based on this comment - https://news.ycombinator.com/item?id=559070#up_559211 https://news.ycombinator.com/item?id=559070#up_559211
- no other investors forseen or programmers other than if we decide to move away from the Indian firm