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Sweatequity. This unpaid work component is sized in dollars, added to any funds contributed, to represent the total contribution of a founding partner and converted to an equity ownership percentage in a new startup. This term is used to describe non-traditional ways to incent growth such as social-media and viral marketing.
Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweatequity or just sweat. Word of mouth advertising and viral marketing cost big bucks these days so budget for it. Some say the Internet is a metaphor for our brains. Marketing is top priority.
Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweatequity or just sweat. Word of mouth advertising and viral marketing cost big bucks these days so budget for it. Some say the Internet is a metaphor for our brains. Marketing is top priority.
Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweatequity or just sweat. Word of mouth advertising and viral marketing cost big bucks these days so budget for it. Some say the Internet is a metaphor for our brains. Marketing is top priority.
Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweatequity or just sweat. Word of mouth advertising and viral marketing cost big bucks these days so budget for it. Some say the Internet is a metaphor for our brains. Marketing is top priority.
Internet Security. Startup internet projects often arrive slightly buggy at first and if the entrepreneur didn’t take the time to research the market in advance, the product can be dead on arrival. It’s simply an untenable situation to expect the technical co-founder to assume the full burden of risk through sweatequity.
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet social networks. Investors expect the founder and other principals to have “skin in the game,” over and above “sweatequity.”
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet social networks. Investors expect the founder and other principals to have “skin in the game,” over and above “sweatequity.”
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet social networks. Investors expect the founder and other principals to have “skin in the game,” over and above “sweatequity.”
The hot term these days is “viral marketing”, meaning we won’t do any marketing, but our product is so great that everyone will know about us anyway by word of mouth and through Internet social networks. Investors expect the founder and other principals to have “skin in the game,” over and above “sweatequity.”
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