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  1. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    I wish rep$ was still a thing, because I'd dump some good rep$$ your way. This bit I quoted is REALLY helpful. It's not something I thought of, but something I will definitely add in moving forward. I've already made it clear to him that if we don't work well together, we will part ways in a...
  2. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    Thanks @MJ DeMarco ! I'll make sure to include the results of this decision in the thread, as well as go into as much detail as I can on the legal structure of the deal we reach. I get what you're saying, but maybe I'm interpreting it wrong. I definitely don't want to milk the guy then dump...
  3. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    @G-Man mentioned that Stacy's Pita Chips did something like this for their founding team. Rather than give equity to founding members, they put a percentage bonus in their contracts that vested when they were acquired. Correct me if I'm wrong, but I think it was something like they were paid 1%...
  4. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    Timeline for exit is 4-5 years from close of our first round of financing. The goal is to get the company to multiple 8 figures by the time we start entertaining M&A's. I believe his involvement in the company will make it more valuable, for sure. His real strengths will be at managing the...
  5. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    I think this guy will be very valuable on multiple fronts. So, yeah, if we both feel comfortable with the equity and the way it vests, I'd definitely bring him on board. Sorry, I didn't see your response as I was responding to @CareCPA Pretty much mimics what I wrote to him above.
  6. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    Oh yeah, 100% this. He would have a 1 year vesting cliff. At 366 days he'd be granted 25% vesting, then 1/48th of this shares vest monthly after that.
  7. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    @Ravens_Shadow I'm tagging you because you're one of the few guys I know who's actually given up equity in his company.
  8. Scot

    How much equity should I give this All-Star?

    NOTABLE! PEOPLE 
    Alright brain trust, I'm putting this out to the forum community to see what ya'll think. The Situation I was introduced to a guy who became very interested in what my company is doing while at a conference. And he's semi retired but looking for a project to be part of. He's also as perfect...
  9. Scot

    Hello Everyone! I'm New Here from Africa ! - Morocco. Anyone from around here ??

    INTRO 
    Welcome to the forum. I spent some time on a joint training exercise in Morocco during my time in US Marine Corps. We spent most of it in Agadir. I absolutely love your country. I cannot wait to go back some day and show my wife how beautiful it is there. I don’t know that we have many people...
  10. Scot

    Beverage Idea Execution

    IDEA 
    This is pretty vague, so not much I can offer really. What I will say is that beverage is cut throat. Food is rough, but beverage is worse. The first thing you need to do is read (or listen) to this book. High Hanging Fruit by the founder of Zico Coconut water...
  11. Scot

    Would You Open This?

    This would 100% end up in my garbage. No one types URL's manually, especially bitly ones.
  12. Scot

    Girlfriend pregnant on execution

    HOT! 
    I typically ignore most stuff on the outside, so I haven't seen his name pop up much. But yeah, he's going on that list as well. I'm pretty sure I threw up in my mouth a couple of times reading that.
  13. Scot

    Girlfriend pregnant on execution

    HOT! 
    What are you.. a 12 year old dude bro? People actually think like this? I'm voting this the #1 worst piece of advice ever posted on this forum. This makes Andrew look like an actual role model.
  14. Scot

    Girlfriend pregnant on execution

    HOT! 
    So... Why do you need to move out of your town to launch a website exactly? I wasn't aware the internet was regional. I completely rebuilt and relaunched my brand's website while holding my newborn daughter in one arm. Took me a couple extra weeks, but I still did it. This has nothing to do...
  15. Scot

    Nice opportunity for Amazon Account Owners

    MARKETPLACE 
    Thought I'd check out his website for a good laugh. McAfee thought it was pretty funny too.
  16. Scot

    Thinking of starting a Supermarket/hypermarket chain. Good idea?

    IDEA 
    As someone who operates in the grocery world... Don’t. Grocery stores have razor thin margins. And you’ve got giants in this industry like Aldi over in Europe. Just because it’s a large market that is a necessity doesn’t mean it’s a market you should enter. Whats your market differentiator?
  17. Scot

    List @ The Few People who have Lamborghinis

    HOT! 
    Great introduction to the forum.. this will definitely go well as you've shown us that you will only listen to people who buy a specific Italian supercar...
  18. Scot

    Protein Bar Brand Idea

    IDEA 
    Look into Blake’s Seed Based. They recently raised 3/4 of $1M in funding and are hitting this category full tilt. It’s definitely a growing market that’s for sure.
  19. Scot

    I bought another laundromat

    HOT! 
    @G-Man looks like I was wrong about the whole laundromat thing! @BrandonS85 definitely following this thread. Very interesting stuff.
  20. Scot

    What is your favorite Landing Page Builder?

    MARKETING 
    I need to focus on the e commerce side of the business right now. My site was too clunky, slow and looked amateur because I'm not a designer and cant afford to hire someone right now. With my limited skills I was able to make a really nice Shopify site and still keep all the content/pages from...

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