consulting is potentially an option, but i don't think i would get an equity stake as a consultant. they are offering me equity now as a founding partner if i join up.
I am fulltime on my startup now. I am building the product, but i have no income/revenue source now. i am completely self-funded and i should be able to keep self funding for a year. i figured a year would be long enough to see if this idea has legs.
So if you continue what you're doing, you'll blow through all your cash in a year seeing "if the idea has legs." Consulting would pay you cash. That cash would allow you more time to test the viability of your product, wouldn't it? I'm assuming you are more interested in your baby long-term. I see win/win with consulting. If you take equity, it will likely be 2+ years before you see anything substantial whereas consulting can have a deep impact to your current business.
I don't know though - I guess it depends on how much equity, how big their market is, when you vest, and how much trust you have. I lean towards consulting because it allows you longer to work your deal.
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consulting is potentially an option, but i don't think i would get an equity stake as a consultant. they are offering me equity now as a founding partner if i join up.
I am fulltime on my startup now. I am building the product, but i have no income/revenue source now. i am completely self-funded and i should be able to keep self funding for a year. i figured a year would be long enough to see if this idea has legs.
So if you continue what you're doing, you'll blow through all your cash in a year seeing "if the idea has legs." Consulting would pay you cash. That cash would allow you more time to test the viability of your product, wouldn't it? I'm assuming you are more interested in your baby long-term. I see win/win with consulting. If you take equity, it will likely be 2+ years before you see anything substantial whereas consulting can have a deep impact to your current business.
I don't know though - I guess it depends on how much equity, how big their market is, when you vest, and how much trust you have. I lean towards consulting because it allows you longer to work your deal.