biophase
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I make ~ $1k per month doing software consulting on the side. I've been working on a SaaS idea for small/mid-size construction companies for a couple of years off and on. I built an MVP that a couple of companies are using internally right now. I'm going to buckle down on marketing/sales this year and see what happens...
I was just curious because you said you offered this to your friend and he declined. But if you are making $1k a month, his investment would have been tiny. What would you have asked for? It makes no sense for him to invest now.
There's nothing to invest in but a crap shoot at this point. You would have to offer him something like $20k for 50% which makes no sense to you or him.
It's better to wait until you actually have a business and it is making $50k or $100k a year. Then you go offer him $100k for 30%. He sees that he can get a 30% return and you actually get some money that means something.
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