Thanks yoseph. We (myself and other co-founder) agree that the goal shouldn't be taking money unless necessary. We envision him 1. leading the co as a Fulltime figure, 2. being available to take all meetings/travel if necessary where the others can't 3. utilize his rolodex to make as many connections as possible and 4. sell what we build.
The biggest issue is we don't have a sellable product yet, that's what the round is for. We want to take our POC and convert it to an MVP and possibly more.
In terms of equity, we were all honestly fine with taking 1/3 to start, however now this warrants a drastic re-visiting of that, which is why everyones thoughts here are so valuable to me.
The biggest issue is we don't have a sellable product yet, that's what the round is for. We want to take our POC and convert it to an MVP and possibly more.
In terms of equity, we were all honestly fine with taking 1/3 to start, however now this warrants a drastic re-visiting of that, which is why everyones thoughts here are so valuable to me.