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| bio | website | webascender.com |
|---|---|---|
| location | Okemos, MI | |
| age | 32 | |
| visits | member for | 2 years, 6 months |
| seen | 7 hours ago | |
| stats | profile views | 326 |
CEO and Managing Partner at Web Ascender
Entrepreneur, UX Designer & Developer
Primary Entertainment:
- Ruby on Rails
- ASP .Net (C#)
- SQL Server
- JavaScript / jQuery
- PHP / mySQL
- Titanium iPad & iPhone development
- HTML 5 / SqlLite web apps
Michigan State University Alumni
Computer Science & Engineering
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7h |
comment |
Equity/Profit share split for small projects with unknown levels of contribution Just keep an effective list of to dos :) - fill up trello.com with a bunch of cards and have members sign up for things they are capable of doing and get to work. |
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2d |
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"Which entrepreneurs have made $20mill+ in under a decade with a balanced lifestyle (no more than 50hrs work/wk)? I feel people ask questions like this a lot... like having an ultra successful business can be done in ones spare time. It's just very unlikely. People who make killer companies do so because they love working on their company. They put in a lot of time, and in many cases don't consider it a life / work in-balance. At some point I assume they all have to bust some ass then they can sell out. But, I think it's rare to casually make millions of dollars. |
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2d |
answered | Equity/Profit share split for small projects with unknown levels of contribution |
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May 15 |
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Appropriate equity for marketing / development work? It's impossible to gauge with this amount of info. You have to think about what your effort was worth if they actually just paid you for your time during those 6 months. Try to break down what the company is worth and do some calculations. It's surprising you would promise others equity etc. without having anything official outlined with the company. Not knowing the entire scope... a marketing website, some marketing materials. 5% immediate doesn't seem too unreasonable. |
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May 15 |
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Hiring Key Resources with market experience and knowledge for a fresh business startup +1 well put, this is what I was thinking. How would you start a consulting business without understanding the domain / field you are getting in to. Seems like a bad idea. |
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May 15 |
answered | How much equity do I give |
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May 15 |
answered | How do I prove that its all my IP |
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May 10 |
answered | Describing an Upfront Cost in an Invoice Description? |
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May 8 |
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Should we add “About -> The Team” when our company is only 5 people? I agree, whether you are two people or 200 there are strengths to each. You have to be what you are and sell what you are as a strength. I can only think of a couple instances where an about page hurt a company that I was looking to do business with and that was cashboardapp.com. We were looking for a new invoice app and he was very open about being 1 person. 2 would have been fine in my opinion but a saas that I depend on daily with only 1 member has no redundancy :) |
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May 3 |
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Left my startup pre-launch. What percent equity is fair? It's tough emotionally. I can understand wanting to get a decent percentage for your year of hard work. But there is sooooo much work left to do in the start up, future rounds of funding that may need to happen, who knows. That taking a large % would be bad for the company, bad for your relationship with your friends/startup mates, and may make it harder for them to succeed. ~5% or some cash payout over time would probably be best. |
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May 3 |
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Left my startup pre-launch. What percent equity is fair? +1 yeah good point, this is probably how they calculated it. I like it! |
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Apr 30 |
answered | Left my startup pre-launch. What percent equity is fair? |
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Apr 30 |
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What to do with leads on Linked IN? I assume if they are "leads" then you have something to sell or offer them. So... sell them something. |
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Apr 28 |
answered | How do investors feel about investing in an outsourced MVP? |
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Apr 26 |
answered | Using my kids as models |
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Apr 24 |
answered | Is it bad to juggle small projects from time to time? |
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Apr 23 |
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What should I do if profit income is always used to buy new stocks? If you are using everything you earn in sales to buy new inventory(stock), then selling products even cheaper will not make you more money. It will just require you to buy inventory sooner, and lose money faster. You need to determine your margins on your product and actually set aside a portion of each sale as "profit" and then a portion to re-invest in your business / inventory. These calculations should then determine what you can afford to sell your products for. |
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Apr 2 |
answered | Pricing SAAS product for an on-customer-permises client |
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Mar 26 |
answered | Equity in a business driven by software? |
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Mar 26 |
comment |
Did I Make A Mistake On A 60-40 Deal? Well what's the worst that could happen? He doesn't want to do 70/30... maybe he will pull out all together? Maybe he will want 40 and you can negotiate him putting in more money to make you feel better? Or setup a vesting period to make you more comfortable. |
