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George Deeb is the Managing Partner at Chicago-based Red Rocket Ventures , a startup consulting and financial advisory firm based in Chicago. So, a CEO or CTO, would get a much higher stake than an office manager or a graphic designer, as an example. You can follow George on Twitter at @georgedeeb and @RedRocketVC.
Should You Share Equity with Consultants? Science and TechnologyTechnology. Back in 1997, Randy Parker was staring at a blank whiteboard, wondering where hed find the money to hire the employees and consultants he needed to build his new product. "We The 2011 Inc. 500|5000 List. The 2011 Top Lists. 500|5000 Conference.
A Part-Time CTOTechnology. Un-knowledgeable - Since it’s just you and your partners, you might not be making the best choices. They may make certain concessions or decisions that could hinder the flexibility of your application There is also a hybrid variant of #2 and #3 above that I’ll call a development partner.
How long should people vest – four years? That’s where a good partner agreement comes into play. Not only do you want to allocate ownership, but you want to re-allocate ownership if either partner fails to deliver. And the vesting doesn’t necessarily need to be time-based either. Five years? PHP Veteran.
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. Vlad and his team at DarwinApps are considering launching DevFund — their attempt at cofounding companies by developing the MVP technology.
Tiny, contracting market. Outcome: last night a Biz Dev guy from Disney/ABC sent me an email asking about partnering with some of their online properties. The dude turned out to be a senior partner at a major international corporate law firm, and 6 weeks later he offered to take me on as a pro bono client. Vest, young man.
The negativity either impacted investment funding (venture capital fell off a cliff in 2009) or the customers they were targeted as was the case for Untitled Partners who were building a platform for fractional art ownership. We were obviously wrong about Untitled Partners’ ability to grow through the subsequent downturn. #19
Do a curl (or your.NET equivalent) on each domain, and see how many are running a Windows server: I think you’ll find the fraction very small. ” I’m quite sure with this article you alienated not only few potential customers or partners but also some existing ones. March 25, 2011 at 7:16 pm. The Foolish.
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