357 karma · joined April 24, 2011
Life is short, don't look back at this later as your biggest missed opportunity.
Wall street was the hot go-to destination, and it was as 'bro' as it got. The never-ending conversation was "can women fit in on Wall street?"
Now SV is the hot go-to destination, and its getting 'bro'. The new conversation is "can women fit on in SV?"
An entrepreneur should know how to problem-solve. MAKE IT WORK.
Ideas are worth absolutely nothing, try selling one. Don't worry that it's his idea, the idea SHOULD and WILL evolve as you develop it, and the idea will then be both of yours.
Money obviously has value, but at this stage of the venture, it's too early to size it. He should loan the money to the company in the form of a convertible note (giving him a nice return on his money) and valuation will come down the road when there's more transparency. You should each split 50/50 the equity, with him holding the debt. Anything less would be unfair to YOU.
Let the equity vest based on hours worked; that way, if one of you goes from 20 to 60 hours, it's much easier to figure out how that works ahead of time.
we can easily expand this to other services such as opting out of credit offers, etc, and begin charging a one-time fee down the road
Can you line up interesting partners, make it a community somehow, crowdsource reviews from the newsletter, etc? What is the #1 reason to subscribe to your service?
If this were free you could gain wider user adoption, and thus, supply of music.
Let me ask; who do you want your customer to be? Listeners or artists?
I love 37s, but this is pure hyperbole and totally backwards