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SHIV DIXIT
CHAIRMAN - BITEX IND... • 8m
Firstly you guys are already entering late in this industry personally i knows 10+ apps that's are doing too good in this industry and many apps failed because of less orders at initial stages , cash burn issues etc even few apps has already lot's of Funding to provide great offer's to customers and truck drivers and that's the reason they can easily operating on 0% commission model's. As you said that you're giving 25% equity to someone who knows many things about this industry and helps you in buildings app , connections etc but not ready to work with you full time right ? even he is expecting to grow first then leave own business and work full time on this project ? according to me he is just doing betting on this project and if he is ready to invest money also then this deal is not a bad until he is investing time also at the end of the day you need to hold 60% stake of your company for making any decisions single handedly
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