Stealth • 3d
I have a friend who is showing interest in my idea and trying to join with me , but asking for 25% of share in company how do I negotiate with him . Before him me and my co-founder had 50-50 partnership. If I refuse to him joining I am worried if he will copy my idea . What should I do?
Stealth • 1d
Evaluate what all benifits he would bring to the company and if making him a co- founder would be a benifit in the long run. Make sure his vission is same as that of you are your current co founder. While negotiating make sure to discuss how the deal what ever you have decided is beneficial for both and mainly him .
Don't be in fear that your idea would get copied or something. Just believe in your execution and work. If he do so you have to beat him and prove yourself, as in future there will be your competitors you just have to make good strategies to be ahead.
Go for setting up boundaries for work, means clearly defined the work, if the work done by you and your friend is according to share then go for it. Because in long run it can help you in converting that idea to Execution, that is the most important part
If your idea is new please patent it before you share it to others
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Everyone have Idea forget that friend friends have enemies in bad times
Either you patent it or not . It can be copied by anyone. Best way is to execute it the best possible way you can so that You will get first mover advantage. I think you should ask here for the queries in execution. All the best.
RED FLAGGGG 🔻🔻🔻🔻 if he is trying to bulldoze his way in. Not good. He should respect you as a founder. First give respect to the company and the founder and than demand the seat at the table. The best way to negotiate equity is through create a framework which is mutually acceptable.
Dose he can really put that much value to the idea exicution? And be aware to be legally copied
Stealth • 2d
Even if he copies you should trust your execution to be better than him. Otherwise someone will anyways copy later and beat you
how can be an idea copyrighted or patented
Can you tell why you guys disclose your full fledged idea's ? Where is your trial deck
Patent it and sign NCA, never do business with Friend
Patent your product bcZ & even if he start today then definitely you will be ahead of him Non competence agreement 16-20% will be more better
Stay Ready if he copy by legal way. It's unthinkable to make friend against us But Before Make it think how is ideas 10% also Ask him to bring that much value? THAT'S WHAT I THINK
Complete ur patent or copyright, securing ur business,and only do business on ur terms
Don't worry bro apna kaam karo bas baki jisko jo karna h karne do
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Medial • 3d
Friendship is Friendship and Business is Business. Talk on the table. Understand his skill set, his contribution to the firm, negotiate accordingly. Ideas can be stolen either by him or someone else but you have the upper hand since you are already working on it but for him it will be a start from zero
It depends brother First of all how many funds he will pump to company or what are your sales if no sales then what is your business if it is just a idea you can give him 25% do not nagotiate otherwise dono start karoge aaps k competition m dono collapse ho jaoge
Dilute, but according to his skills, knowledge and the capital he is investing ! Be practical and take this decision for the better future of your organization , like long term ! Best wishes 💯
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