Equity for Design
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- slinky
Anyone ever been offered equity in a site/business in exchange for upfront money?
thoughts?
if you knew you would be part of a very successful website venture and would make more money in the long run through equity than you wouuld with an upfront payment... would you do it?
- blaw0
i'm always cautious of someone wanting me to invest in their dream.
that said, if your schedule's free and it seems like a solid idea, it may be worth the gamble.
- johndiggity0
it depends on what type of financial situation you are in at the moment. if you need to pay the bills, equity can not do that. if you have cash on the side, and can afford a risk for a long term payoff, give it a shot, as long as the venture only requires you to invest your time and energy once, upfront. don't make it a habit or a job where the only result maybe be equity.
- JazX0
ahhh slinky's brain is again workin'. IMO, I would do it and have done it. For cuts in software sales and cuts in future monies.
- blaw0
if you do decide to do it, you may want to consider writing in a "minimum compensation of $X..." clause into the contract.
- jevad0
what john said pretty much
- Mimio0
I wouldn't do it. You probably won't ever get paid.
- gravityroom0
If you decide to do it, make sure they're even going to be around.
Lets say you do it for free, they fold, and then you waste a bunch of time on a project that never gets finished.
- slinky0
by the way... i am not seeking this... i am offering...
i just got done with an investor who said he might invest as much as $50,000 into my site idea, but he said that i should look into offering equity or equity & money to design my site...
you say, why don't i do it?? well my concept is too big for my britches and i suck and i need to manage it.
- slinky0
bump
- Mimio0
Sounds like you need many people, try writing up the specifics and see who bites.
/or/
Outsource to INdia!!!!!!!!!
- jevad0
h aha
- slinky0
bwahahahaha.. thats exactly what the investor said.. outsource to india...
he is potentially investing $50k and i might have 2 more investors... need to talk to them more too...
but any more thoughts on equity for design if it looks like site that has great potential?