You don't want to sell that much equity for such a little bit of money.
You should probably look at doing this as a SAFE note or some other form of convertible loan.
You should probably look at doing this as a SAFE note or some other form of convertible loan.
Is this a general rule, or does it depend on the scale of the project? (I'm thinking: what if it's a small side-project valued by OP at around $500k, but they need cash right now?)