True. I'll think about that and see what we can come up with... thanks for sharing your opinion!
20 karma · joined October 7, 2012
In our experience, founders have spent money on their ideas. However, many bootstrapped startups (particularly the hardware engineering companies we have helped) don't have enough for talent and prototyping. When equity is issued these companies are bringing on partners, not gullible engineers. Just my two cents, please let me know if you see it differently.
Also, when equity has been issued it was typically in the 10-30% range. Essentially, businesses are using this as a way to find partners - not to dupe engineers.
Thoughts?
Would you prefer a method to pay cash for labor instead?