67 karma · joined October 21, 2014
There should be a buyout at this point. Valuation based on income result in 5k * 12 * 15 * 40% = 360k, which should be a fair price. valuation based on funding would be around 400k, which would be similar.
You can have that written down as a contract, not necessarily direct cash payment, but cash payable, and have your co-founder to sign as guarantor, which would not be a bad price for him, and not a bad price for you too. Deduct the 3% if you want.
People go to the restaurant for the restaurant and everything with it will still go to the restaurant.
It's an entirely different market, the segmentation of which DoorDash enabled.
The Chinese Government already deployed Health Code, which pulls data from cell towers to check for cross paths with confirmed or suspected patients, and shows on screen as green, yellow or red colored QR code.
To have this Bluetooth idea effective, you need to have sufficiently numbers of installation, and which can be insanely difficult if it weren't pushed by big corps or the government