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Need Advise on Partnering with Individuals
hipercube
subscriber Posts: 1
Hi,
I`m trying to start my own venture, initially a services based firm and later move on to develop products. I have the expertise in the technology. However, I`m approaching few of my friends to join my venture to share the EXTENSIVE workload and start in locations where I cannot be physically present. A friend of mine was ready to join me after analyzing the concept and mainly based on his confidence in my technological expertise.
I`m wondering on what should be the deal. Ideally, I would like to employ them but since I cannot afford to give them fat pay checks, I`ve approached them to be my partners. What is the percentage share that sounds reasonable ?
Thanks in advance,
hipercube2006-12-26 19:36:24
I`m trying to start my own venture, initially a services based firm and later move on to develop products. I have the expertise in the technology. However, I`m approaching few of my friends to join my venture to share the EXTENSIVE workload and start in locations where I cannot be physically present. A friend of mine was ready to join me after analyzing the concept and mainly based on his confidence in my technological expertise.
I`m wondering on what should be the deal. Ideally, I would like to employ them but since I cannot afford to give them fat pay checks, I`ve approached them to be my partners. What is the percentage share that sounds reasonable ?
Thanks in advance,
hipercube2006-12-26 19:36:24
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