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Well yeah, you could potentially find a cofounder. With higher pricing and other things in that nature, maybe annual pricing and so on, you could probably get enough money together to start having an employee if a cofounder doesn’t sound good. And so professional angels that have access to real dealflow?
I’ve talked with a number of software development shops who are eager to get into the business of cofounding companies, i.e., getting product revenue and equity instead of just consulting revenue. The question is: how should they be compensated when cofounding a company? equity that belongs to departed cofounders)?
– Build out low-cost force multipliers such as scouts , Advisors, Entrepreneurs in Residence, Venture Partners, and so on. The firm attracts dealflow by promising a decision (positive or negative) in under 2 weeks, with minimal paperwork and without repeating due diligence. This evolves the VC from a server to a router.
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