Ask HN: Potential investor wants to partner for equity
We are in an unusual situation where a potential angel investor wants to become a temp partner. We are a pre-seed recruitment AI tech startup and he has been a CEO and director for the last decade in one of the biggest recruitment firms in the world. He recently quit that job and now he is exploring things and would be willing to work with us for ~9 months. He would connect and sell the app to people in his network. He wants to help us grow quickly for about 9-12 months. Afterwards, he would be happy to step away and move on to something else. For our next meeting, we would need to come up with some options/proposals for equity and expectations. We are thinking that he could be a great asset in terms of credibility, and connections and help with bringing in other investors. He also wants to put some money and lead other angel investors. What are some things that we should be wary of? What should we consider before signing anything? How not to get screwed here? 3 comments on Hacker News.
We are in an unusual situation where a potential angel investor wants to become a temp partner. We are a pre-seed recruitment AI tech startup and he has been a CEO and director for the last decade in one of the biggest recruitment firms in the world. He recently quit that job and now he is exploring things and would be willing to work with us for ~9 months. He would connect and sell the app to people in his network. He wants to help us grow quickly for about 9-12 months. Afterwards, he would be happy to step away and move on to something else. For our next meeting, we would need to come up with some options/proposals for equity and expectations. We are thinking that he could be a great asset in terms of credibility, and connections and help with bringing in other investors. He also wants to put some money and lead other angel investors. What are some things that we should be wary of? What should we consider before signing anything? How not to get screwed here?
We are in an unusual situation where a potential angel investor wants to become a temp partner. We are a pre-seed recruitment AI tech startup and he has been a CEO and director for the last decade in one of the biggest recruitment firms in the world. He recently quit that job and now he is exploring things and would be willing to work with us for ~9 months. He would connect and sell the app to people in his network. He wants to help us grow quickly for about 9-12 months. Afterwards, he would be happy to step away and move on to something else. For our next meeting, we would need to come up with some options/proposals for equity and expectations. We are thinking that he could be a great asset in terms of credibility, and connections and help with bringing in other investors. He also wants to put some money and lead other angel investors. What are some things that we should be wary of? What should we consider before signing anything? How not to get screwed here? 3 comments on Hacker News.
We are in an unusual situation where a potential angel investor wants to become a temp partner. We are a pre-seed recruitment AI tech startup and he has been a CEO and director for the last decade in one of the biggest recruitment firms in the world. He recently quit that job and now he is exploring things and would be willing to work with us for ~9 months. He would connect and sell the app to people in his network. He wants to help us grow quickly for about 9-12 months. Afterwards, he would be happy to step away and move on to something else. For our next meeting, we would need to come up with some options/proposals for equity and expectations. We are thinking that he could be a great asset in terms of credibility, and connections and help with bringing in other investors. He also wants to put some money and lead other angel investors. What are some things that we should be wary of? What should we consider before signing anything? How not to get screwed here?
Hacker News story: Ask HN: Potential investor wants to partner for equity
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Reviewed by Tha Kur
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May 13, 2024
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