| Nov. 21 2008 at 1:56 AM |
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I have a question on bring people to help start up a company. My friend want to help me with my business but not invest any money just his time and effort in marketing the company. In return, he asked for 10% share of the company. Is that a fair value request? and how to I create a performance base measurements to make sure he delivers 10% share of the company. My business is an online viral martketing. Or is there an alternative solution. I am so new to this area.
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| Nov. 23 2008 at 1:01 PM |
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It depends on what you determine is his value. However, a lot of times the 10% share is reasonable. You may want to reference our FREE entrepreneur guide as to how to start, operate and grow your business in today's web 2.0 world. I believe this would be extremely helpful in determining how to structure your company. What is your corporate structure going to be? This guide can assist you.
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| Nov. 24 2008 at 4:53 AM |
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10% of your company could be too much if your're already have a going concern with product/service for sale. Why not hire commissioned salespersons and only pay for result?
At minimum, have his shares vested over 4 years.
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