Comments on: Wants to partner 50/50 but doesn’t bring enough to the table https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/ A place for startups to share stories and ask questions anonymously Sun, 18 Feb 2024 23:46:11 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: เกมส์บาค่ารา 2 แบบ https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/53134 Sun, 18 Feb 2024 23:46:11 +0000 https://startupsanonymous.com/?p=3453#comment-53134 … [Trackback]

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]]> By: Anonymous https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/12004 Sun, 19 Feb 2017 23:17:16 +0000 https://startupsanonymous.com/?p=3453#comment-12004 I was in a very similar position a few years ago. I was would be doing all the technical work and the other guy was going to do the sales (i.e. go off and have comfy meetings/chats whilst I worked 20+ hours/day to build a high performance b2b product from scratch).

I initially entertained the idea, but luckliy there was always something that stopped us from going ahead, many times it was just the company name or company we wanted was already taking, etc. Six months passed of this kind of hurdles and during that time I did my own thing and created the the first product iteration.

After realising just how much time I put in – and seeing I didn’t need the other guy – I am glad I didn’t give him 50% for nothing. It might have been less stressful to have someone to talk to along the way but ultimately that is not worth 50%, especially when today I manage both the technical side (95% of effort) as well as sales (5% effort). Oh and 2 years later I’m no longer working 20+ hours a day.

]]> By: Anonymous https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/12003 Wed, 15 Feb 2017 22:17:39 +0000 https://startupsanonymous.com/?p=3453#comment-12003 Even if it’s not working with this person, don’t settle for fixed equity in the early day. Use dynamic equity. Read this book:

https://www.amazon.ca/Slicing-Pie-Company-Without-Funds-ebook/dp/B0096EFHBI

It helped me a lot.

]]> By: Anonymous https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/11962 Tue, 24 Jan 2017 20:31:17 +0000 https://startupsanonymous.com/?p=3453#comment-11962 “I have come to the conclusion that they don’t bring enough value to take 50%”

There you go, you made your decision. Now execute your decision and either renegotiate or move on.

]]> By: Anonymous https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/11961 Tue, 24 Jan 2017 17:45:37 +0000 https://startupsanonymous.com/?p=3453#comment-11961 Move on. Don’t just partner up with somebody you don’t know or don’t trust 100%.

]]> By: Anonymous https://startupsanonymous.com/question/wants-partner-5050-doesnt-bring-enough-table/#comments/11959 Tue, 24 Jan 2017 16:55:40 +0000 https://startupsanonymous.com/?p=3453#comment-11959 What capacity are they working on in the business if you partner.

Also you mention “they” is this an individual or a company that is proposing the partnership?

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