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Guest-5ty5s4
Guest
Here's a question for you guys.
Let's say you have a great idea. You have set up all your IP. You have kicked things off, it's going well, but you are hamstrung for time, and you realize you don't have the ability to be in 10 places at once, nor do you have sufficient technical skill to get your business off the ground alone.
This all sounds pretty normal, right?
So, you look for a partner, a first employee, someone to help you out.
And, let's say, you find the perfect person! Someone WAY smarter than you, who knows the technical side of your industry like the back their hand. They've even started a similar business successfully.
However, let's say you find them through the internet. And you barely know who they are.
How do you protect yourself? Do you hire them with a rev share or commission-only agreement if you don't have muchincome profit yet? Would you be willing to give them equity in the business if you haven't even met them in person? Or would you fly across the country first to shake their hand, and make sure to photo-copy their driver's license and stuff while you're at it?
Curious what some of the heavy hitters think, even if the feedback they give me is "you're an idiot for posting this" @Antifragile @Vigilante @Kak @ZCP @NeoDialectic
Edit: adding @heavy_industry and sorry if I didn't tag you, just added the first people who came to mind!
Let's say you have a great idea. You have set up all your IP. You have kicked things off, it's going well, but you are hamstrung for time, and you realize you don't have the ability to be in 10 places at once, nor do you have sufficient technical skill to get your business off the ground alone.
This all sounds pretty normal, right?
So, you look for a partner, a first employee, someone to help you out.
And, let's say, you find the perfect person! Someone WAY smarter than you, who knows the technical side of your industry like the back their hand. They've even started a similar business successfully.
However, let's say you find them through the internet. And you barely know who they are.
How do you protect yourself? Do you hire them with a rev share or commission-only agreement if you don't have much
Curious what some of the heavy hitters think, even if the feedback they give me is "you're an idiot for posting this" @Antifragile @Vigilante @Kak @ZCP @NeoDialectic
Edit: adding @heavy_industry and sorry if I didn't tag you, just added the first people who came to mind!
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