I had a problem that required a database solution. I designed the concept of the database and over a 2 year period developed a crude system that worked.
In trying to find help with the programming side of things I talked through the concept with someone who had experience in setting up software systems to see if they could help create the solution. (At this point the solution was just for me not for commercial sale.)
They then went away and started development on a system of there own to do just what I wanted but with the plan to create a web based solution for commercial sale.
They have been tapping me for my thoughts on how this should work and have used my original design as the bases for theirs. It looks completely different of course.
We are now in a position of them having created a Beta version that they are trying to get investors to back and have managed to get some serious interest. I suggested we join forces as they want my input to make the idea a success.
So I have offered a financial and time investment from myself with access to all my workings and networks within the industry. I really believe in this solution and think it could be a great success.
They really want me to be apart of it but now we are at the discussion stage of what my investment is worth they have come back with a 4%.
This is based on a $10,000 investment and my time.
My biggest issue with this is they are basing there calculations on the value of my investment on what they perceive the company will be worth once they reach the point of seed funding. (They are suggesting I only pay the $10,000 at this point.) Surely all the work I have put into this already should be accounted for. It's not like I am just coming into the project at the seed funding round.
There is an obvious naivety on my part here and I know they are the ones who have actually put all the work into creating the beta solution investing there own time and money to do it so I'm not looking to be greedy. I just want what is fair.
Any help on this would be very much appreciated.