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I discovered this firsthand when I contracted a software developer to build a system for the English teaching company that allowed classes to be purchased and scheduled via web application. Writing up a contract is especially important if you’re working with co-founders. See Also: Creating a Business Partnership Agreement.
RBI normally requires founders to pay back their investors with a fixed percentage of revenue until they have finished providing the investor with a fixed return on capital, which they agree upon in advance. For background, see Revenue-Based Investing: A New Option for Founders who Care About Control. Decathlon Capital.
Butte, Montana was a copper mining town. We picked up this name because I, as the founder, consider myself a nerd. Our company's mission is to help with the software translation process. When we were searching for business ideas, my co-founder had an idea to use a Google translator. Photo Credit: Mackenzie Quinn.
As the CEO and co-founder of Treehouse, an online tech school that teaches people how to make apps, Ryan Carson has a lot of great insight on running a startup. Jason Cohen is the founder of the WPEngine and Smart Bear Software. The First Round Review | First Round Capital. Management. Marketing & Sales.
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