So long story short, I went to see a company this week which is VC backed and is going through it's next funding round.
It's a SAAS product in a niche area that I have a wealth of experience in. I had trialed and cancelled it as I felt it didn't work as well as it should have & started getting into online conversations with the founder. Over those conversations I made some suggestions and as I was free was asked if I wanted to come down for a chat.
During the chat, it became quite obvious that not only was it an area of expertise of mine, I also knew how to monetise the product, and came up with suggestions on some changes holding back on giving away all of my advice.
A discussion took place and I was asked by some board members if I was available and they wanted some help, but actually would I be interested in taking a share in the company & they would pay me a retainer to come and help shape the product.
Never bought into a company like this and was wondering if any of you others have had similar opportunities and the approaches you've taken?
It's a SAAS product in a niche area that I have a wealth of experience in. I had trialed and cancelled it as I felt it didn't work as well as it should have & started getting into online conversations with the founder. Over those conversations I made some suggestions and as I was free was asked if I wanted to come down for a chat.
During the chat, it became quite obvious that not only was it an area of expertise of mine, I also knew how to monetise the product, and came up with suggestions on some changes holding back on giving away all of my advice.
A discussion took place and I was asked by some board members if I was available and they wanted some help, but actually would I be interested in taking a share in the company & they would pay me a retainer to come and help shape the product.
Never bought into a company like this and was wondering if any of you others have had similar opportunities and the approaches you've taken?
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