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This term refers to an initial venture-capital investment, often wrongly sought to seed early productdevelopment. In fact, most often, it is limited to seeding a startup business rollout or scale-up after development is completed from friends and family. Sweatequity. Frothy is good for entrepreneurs.
Sweatequity or salary? If they’re coming up to speed with the product, development cycle, and company dynamics is good to let them ramp up slowly. Yes, building software is cheap and fast unlike other products. Remember people only have two hands!
After all, sweatequity can make up for a trim marketing budget, but it would be hard to make up for cuts in productdevelopment and customer service without sacrificing customer experience. Current and new customers care a lot more about product or service quality, and the value of your item.
But, the other way Dave has found to add a dimension of his software productdevelopment and startup experience into the mix is through the development of the web service, 1TeamWeb. It’s among the highest trafficked sites in its category, providing training videos, tips and techniques.
Such positions include: PR, Sales, ProductDevelopment, Lead Generation, Strategic Planning, Fund Raising, etc. Very interesting article, at my Firm we share many of your insights, starting by performance based compensation (often linked to sweatequity). link] Luis Rivera. link] Luis Rivera.
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