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Thanks for your reply. I would dive in deeper as to why MP wants to give away equity so easily especially if he has made millions. How would you go about this
by disposable_me 12y ago
Thanks for your reply.
I would dive in deeper as to why MP wants to give away equity so easily especially if he has made millions.
How would you go about this?
If he really believes the business can sell for 9 figures in a few years the extra 100k that he would pay you would be a steal.
I actually said this during our meeting yesterday (which lasted 5 hours with no conclusion). His response was that he simply did not want to pay my full rate and wasn't considering that as an option. It was a very weird moment.
How well does your friend know him? Have the 7 partners worked together before? Team dynamics are hugely important.
MP is my friend's client, so friend knows MP well as a businessman whom friend's company services. Friend & 2 partners are all partners in friend's company, so they work together and have good dynamics. MP and other 3 partners have all worked on businesses together for last couple of decades.