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.
Comments
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.