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He could give away 10% equity in exchange for absolutely nothing, and probably not die. He could, likewise, give away 10% equity in exchange for some offshore
by amalcon 17y ago
He could give away 10% equity in exchange for absolutely nothing, and probably not die. He could, likewise, give away 10% equity in exchange for some offshore developers building something completely random, look at it, decide not to actually use it, and still probably not die.
Now, actually deciding to replace the active codebase with something that's terrible could kill his company, but that's down the road a bit.
- alain94040 17y agoKeep in mind that taking the deal also includes getting rid of his technical co-founder. Rewrite the site from scratch. No more technical resources. Sounds like a pretty good startup-killer to me. I agree the 10% part is not the problem. It's the strategic change of direction into a dead-end that is.