question - are we talking about you giving them the keys to your site and then walking away, not having to help, develop, or deal with the site, for 10%?
No, not quite. They would require me to make some changes to the existing site and more than likely some further development. The equity would increase by a small amount with any extra work.
You are coming in pre-funding, contributing 100% of the technology, branding, and customer base. They think that's worth only 10%? That's kind of insulting. Flip it around and ask if they would like to be your sales department for 10% each and see what they say.
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question - are we talking about you giving them the keys to your site and then walking away, not having to help, develop, or deal with the site, for 10%?
No, not quite. They would require me to make some changes to the existing site and more than likely some further development. The equity would increase by a small amount with any extra work.
You are coming in pre-funding, contributing 100% of the technology, branding, and customer base. They think that's worth only 10%? That's kind of insulting. Flip it around and ask if they would like to be your sales department for 10% each and see what they say.