0
votes
1answer
65 views

Partner Asking For Investment Back

I recently just started an IT business. I built the product and got the product out there and brought in clients already. I asked a friend to partner with me to build the company. I gave him 30% of ...
1
vote
1answer
36 views

Do I need my own lawyer on a partnership agreement modification

Back story: I'm the majority equity and voting power holder in a multi-member LLC (Three members, I will call partnership). A year ago we had a partner's wife, who is a corporate lawyer, create a ...
1
vote
3answers
161 views

Steps before starting a partnership

I have seen quite a lot of questions/doubts and concerns here on http://answers.onstartups.com about partnerships. Splitting, percentages, responsibilities, legal obligations etc etc. In my opinion ...
-1
votes
1answer
55 views

Importance of Business Networking in a Tech Company

Everybody seems to think the opposite, but does it really matters how well you are connected with others entrepreneurs, developers or VCs when you own a tech company? It seems obvious that it helps ...
2
votes
3answers
231 views

Where to find coders interested in a seeded start-up based in Italy?

We are 3 partners and friends based in Milan, Italy, who started a crowdsourcing site which allows academics to work on short-term assignments. We launched in March of this year, and managed to get ...
7
votes
3answers
230 views

Role of Business Partner While Developer is Developing

So... in a startup... im the techie/developer of the business, my partner is the business side. While, I'm developing this elaborate application... what should he be doing? What do business people do ...
1
vote
2answers
125 views

Dealing with passive “partner” in directive position

I'm somewhat of in a pinch and I'd appreciate your insight on how to solve things for the best. We've been operating like a company for about 1 year, and I say "like" because we haven't really got ...
1
vote
1answer
171 views

Leave Seed Stage Startup - Partnership Issues

My partner and I started an online service. When we formed the idea for the company, we came out strong with a lot of energy, but it seems as if my partner's priorities are now elsewhere. I'm the ...
1
vote
3answers
163 views

What are the immediate steps I should take when starting to bootstrap a new startup with a friend?

I just read through some of the other questions found on here regarding early steps to take when starting a new biz with a partner, but couldn't quite find what I was looking for. I've decided to ...
3
votes
5answers
189 views

Having a schedule for our startup?

I'm in a partnership with my brother, we decides to do a partnership together since we live in the same house and had the same schedule. We are running our business from home right now, making mobile ...
1
vote
5answers
341 views

Divorcing A Partner Without An Operating Agreement

Here's the scenario: Myself and 2 partners have been working on a project since January. Since we are all friends (mistake number 1) we orally agreed to split the future company's equity three ways ...
2
votes
2answers
118 views

Sales and Marketing Co-founder-Ivy League MBA or Industry Expert?

I am working on a software product, which is going to revolutionize a specific industry. I checked with couple of top guys in this industry and they are all impressed. It is a billion dollar problem. ...
1
vote
4answers
385 views

Is having a technical partner better than an in-house software development team?

I am starting my own IT consultancy and have a good product in mind, but I also want to be the one controlling my own project. I have a few questions Who has the rights over your software project? ...
1
vote
4answers
381 views

Having trouble dividing the pie w/ my partner, care to help cut the slices?

On January 15 a buddy of mine (who is not technical with a full time job in the social gaming/payment space) came to me (an independent Web Strategist SEO/Social Media looking for my next big thing) ...
4
votes
2answers
335 views

Is a 10% referral fee very popular in many trades?

Is a 10% referral fee very popular in many trades?
1
vote
2answers
109 views

Tips on getting partners in the USA

We are a small startup located in Sweden, but our product, soon to be released is of course just as interesting in america as in Sweden. We will be looking for partnering with consulting firms ...
7
votes
3answers
514 views

“One Man Startup” - Should a add people before going out looking for funding?

i've been working on a project for the last year or so and during that time 4 out of 5 partners have left, leaving only me. I've turned the project into a modest success and have now received some ...
11
votes
5answers
530 views

Started with 4 partners, equal financial investment. I've done 90% of the work, startup is now doing well and they now want a say. Please advise

I started a site with 4 friends about a year and a half ago, I'm the only technical person of the lot, we all put in an equal amount of $$$, we spent most of the first year in discussions and sending ...
1
vote
1answer
144 views

Where to meet potential partners / angel investors?

I've been running a nice dating site for the last 4 months and it's growing quite well and hope to be in alexa top 100k by end of year. So far it's only me doing pretty much everything, but I want to ...
2
votes
4answers
154 views

A special form of partnership

I have discussed the following partnership model with a person who could like to become partner with my in my company. We discuss a range of scenarios that the business could run into. One of these ...
4
votes
3answers
156 views

A special kind of merger

I am negotiating a deal and I really need some advice on the pros and cons of the deal that has been suggested to me. I have a startup company with radically innovative technology. I want to merge ...
3
votes
9answers
2k views

What makes a great business partner?

So the question is pretty basic, what are good qualities in a business partner? As a young freelancer I want to expand my business into a much larger company and I know I will likely need to partner ...