Thanks Nick and Scott. You're totally right. It does seem unusual that they'd request such a large split without solid justification.. and I'm dumb for not pushing the issue harder.
On Thursday, 31 January 2013 15:05:40 UTC+11, nickgonios wrote: > > Craig > > Disappointed to read there are these types of 'investors' in the market at > the moment!! > > Respect the fact that it's early stage investment but a deal should be > positioned with a commercial focus in mind combined with an equity > investment + possible earn in along the way. (based on achieving certain > agreed metrics) > > No brainer when you take this approach and is fair and reasonable for all > involved. > > Best > > > > > > On Thu, Jan 31, 2013 at 12:59 PM, Craig Stump > <cr...@bluesix.com.au<javascript:> > > wrote: > >> Hi everyone, >> >> I've built a web-based product that's about 90% done, which has taken me >> about a year to get it to this point (bootstrapped). I'm talking to some >> potential investors who could take my product global, and possibly bring in >> 10x more revenue than I could by myself locally. They're being cagey about >> their $$ investment, mainly promoting their global >> connections/relationships. While I have no doubt they could pull off what >> they say, they want somewhere between 60-75% ownership. >> >> Is that normal? >> >> -- > > <http://www.linkedin.com/in/nickgonios> > -- -- You received this message because you are subscribed to the Silicon Beach Australia mailing list. Vist http://siliconbeachaustralia.org for more Forum rules 1) No lurkers! It is expected that you introduce yourself. 2) No jobs postings. You can use http://siliconbeachaustralia.org/jobs To post to this group, send email to silicon-beach-australia@googlegroups.com To unsubscribe from this group, send email to silicon-beach-australia+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en?hl=en --- You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To unsubscribe from this group and stop receiving emails from it, send an email to silicon-beach-australia+unsubscr...@googlegroups.com. For more options, visit https://groups.google.com/groups/opt_out.
