There are several factors to consider: 1. Profit share does not have to equal equity. As an example, two people can agree to split net profits 50/50 even though the percentage of equity is split 60/40. Just get it in writing. So find out their expectations for long term income and equity. Are th...
I very much disagree with Mark's assessment. You shouldn't compensate this person for the COO role until they are confirmed into this role and working full-time in this capacity. If they are a part time medical advisor, they should have a very small amount of equity to begin with. It would de...
Hi, Legitimate question. Business wise, it would not make sense to train someone who you know - in advance - is going to be a competitor. That said, there are so many competitors in the industry that you are talking about, so this makes what your partner is doing a little less strange. The ide...
1. Explore competitor backlink and citation profiles. Looking at their backlink and citation data will help you identify relevant websites that may be useful for you to work with. In addition to this, you'll likely identify competitor marketing tactics that can help spark your own ideas. 2. Us...
I'd say you're *almost* ready to talk about equity but before you do, I think it's really important to check in as a group and see who really wants "in." Startup Weekends create a lot of enthusiasm and excitement but I've seen a lot of projects originate there that end up like reality TV - a con...
Of course! this is the modern day world - people don't remotely need to be in the same place so long as they are good at communicating
I have been in a similar situation with a client recently: a startup with a compelling software solution that needs a large partner to develop and bring it the market. We have done a partner selection together where we looked at strategy, value proposition for all parties (what is the win/win/wi...
VR has a vast application across all the sectors in the Global market. Entertainment is a basic need of humans, therefore there is a huge spending of a common household income that goes out for entertainment. I would recommend you to target the untapped segments and get an early mover advantage. ...
You should always give someone what they deserve. Never more and never less. Most people don't know how to do this so they guess. They try to predict the future or they look for rules of thumb or they try other ways of guessing. Kind of like you are doing now. The best way to determine this is ...