Bottom-line is that you have to be at a point where the evidence suggests you are ready to spend this capital to create a period of hyper growth connected to a clear path forward to creating a billion dollar business. What that looks like to investors depends on so many different circumstances, ...
There shouldn't be any "magic" to this. It's stock standard: 1. Set the conversion cap 2. Give them follow on rights should you need another round (you never know) 3. No anti-dillution 4. No liquidation multiple, just preference 5. 7% interest rate That's as fair as fair can be. Don't reinvent...
Do an independent lab test of each item to test for heavy metal contamination, specifically cadmium, lead, mercury and arsenic. Better that you get this information in advance before someone else does it and reports it, which could lead to a very fast business demise. For reference, check the pro...
Question ... If the lower end of the retail price range for your jewelry is $100, why would you be giving away $50 in cash? Presumably, the margin on a $100 piece of jewelry is such that its wholesale cost is roughly comparable to that $50 in cash. So if the choice is between giving away $50 i...
If you are interested in building your own signal processing tools for sound engineers, then you will need to be familiar with a number of different technologies. Some of the technologies that you will need to know include: 1. Csound - Csound is a software suite that allows sound engineers to cr...
Not necessarily. As long as you have the stocks to be issued. Have a prior contract agreement between owners of what equity is available, the vesting period. (Some do it on % base points per year, i.e. 50% in year 1 and 50% in year 2, or 1k hours worked) if they walk away in first year they take...
I'm not sure if this is how you imagine this world to work, but at least according to the order you wrote it "raising funds" was first. In reality it should actually be one of your final steps of the stage you are at right now. It may even come after a year or two! So you have this great app i...
What you are asking for is almost impossible to answer. First off I would want to know from you, what do ou know about Virtual Reality? Because most of the answers are right there in your knowledge. If you know nothing as your question seems to indicate, then this is probably not a venture you...
Can you give more information on what your product is? Then we can figure out what you need in it. Sounds like electronics...but what?
Typically people are going to want to see an example of your work. A success story. It sounds like you are still entertaining the idea though and most likely don't have a real-world example to showcase. If this is the case, I would suggest trying to start with a close friend or family member...