This is a very important issue. Vesting and commitment should be decided upfront and in consensus. While I could tell you my experiences with founders, I would encourage you to first read this two posts on vesting: http://www.feld.com/archives/2005/05/term-sheet-vesting.html http://www.naffzig...
Hi, I am not sure what country your located in, but many of the western countries offer grants for startups who have something innovative. You do not have to return the grant in many cases, and they don't take equity, but there are some limitations: for example you can only use the money to pay ...
Hi Almost the exact same question was asked a few weeks ago on this platform, so maybe the answers there will help you: https://clarity.fm/questions/6664/what-re-the-top-3-things-you-will-do-if-you-re-starting-an-airbnb-for-corporate Good luck I've successfully helped over 350 entrepreneurs, sta...
Market to your niche, talking about the same problems your beta clients signed on to get fixed. These are called "pain points" and are valuable language. Anyone in the situation will instantly pay attention to you. Note that I am saying you should talk about the problem(s), not the features of ...
I have worked with some of the Top 50 Fortune 50 companies for Mobile/Web/Google Glass Development Projects. Never work for free if you don't want to devalue yourself later. If the client is big (read rich) he won't mind paying for some initial Mockups. The whole point of working with big clie...
Are you looking for a partner or a vendor?
A member buyout option for a startup partnership LLC can be structured in a number of ways, depending on the specific circumstances of the partnership and the agreement of the members. One common way to structure a buyout is for the purchasing member(s) to pay the selling member(s) an agreed-upo...
I always feel the next step once you have an idea is to validate it by creating something simple that you can put in front of someone, so they can review and give feedback. This can come in different forms 1) Verbally describing the solution and getting feedback from target customers 2) Design s...
If you don't currently have an LLC for the business performing IT services, you could create a DBA (Doing Business As) and offer those IT services under the first business you mentioned. One business can have many DBA's which is good for promoting services as if it is it's own business. By using ...
For a technical co-founder, the minimum should be 33%. If you've been paying him, there is no way he should be 50/50 but how to determine the exact number is a calculation of a lot of variables that are impossible to answer without knowing more about your situation. Most investors want to see a...