Going to a startup weekend and have an alpha product that has interest from a city government in our area.
I have 2 successful companies right now. One I own and the other is a partnership. The biggest thing that I learned is that I should not have given equity to my partner up front, it should have been eased over time.
I am strong with development and managing people. I am weaker in Finance and Sales/Marketing.
During a startup weekend, when is the best time to have and approach the equity discussion? I don’t want to give away equity unless someone produces results continuously over time.