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This might be fun. Guess who wrote this post on a forum in November 2006, asking for advice about a business idea:
Selling a website idea: What to expect
No cheating by Googling... First person to guess correctly will win nothing except the respect and admiration of anonymous internet people.
Selling a website idea: What to expect
Selling a website idea: What to expect
Hi folks,
I created an idea for a website that has gained the interest of a private investor with deep pockets. He wants to pour a lot of money into the site and hire me to front the project for the time being.
Note that it's just a business plan at this point -- no actual product. That will be developed in the first six months.
He has offered me a percentage of the shares of the company and a reasonable wage. I have no idea if what he is offering is standard, generous, or if I'm being taken advantage of.
I'm going to hire a lawyer, but I don't know what kind of lawyer to hire.
Can anyone help give me an idea of what I should expect, of how these deals usually divide up between the idea guy/developer and the business man?
Thanks in advance, and Happy Thanksgiving!
No cheating by Googling... First person to guess correctly will win nothing except the respect and admiration of anonymous internet people.
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