So a while ago clientCo ran out of money, the two business owners couldn't afford to pay myself (coder) or the only other employee (dba).
Both former employees (me and dba) have said we believe the project is a good one and have done some work free of charge over the last while as well as come up with ideas for improvement etc.
We're now at a point that the business is still generating very little revenue (not even enough to cover server costs) but depending on several market factors does stand a chance to be eventually generating a very healthy profit within a year or two (or 5).
We've started discussing proper terms for our ongoing technical development and support in regards to either equity-share, revenue-share, part-time or future-full-time work.
Does anyone have any experience with developer equity-share or revenue-share deals to keep development in ill-funded startups alive? Any advice?
Equity share would interesting but then once the technical staff have their equity whats to stop them quitting to work on something else? Or the inverse, while the project is making little to no profit how does the techincal staff live day to day?
Its all very interesting but any experiences or advice would be appreciated!!
Both former employees (me and dba) have said we believe the project is a good one and have done some work free of charge over the last while as well as come up with ideas for improvement etc.
We're now at a point that the business is still generating very little revenue (not even enough to cover server costs) but depending on several market factors does stand a chance to be eventually generating a very healthy profit within a year or two (or 5).
We've started discussing proper terms for our ongoing technical development and support in regards to either equity-share, revenue-share, part-time or future-full-time work.
Does anyone have any experience with developer equity-share or revenue-share deals to keep development in ill-funded startups alive? Any advice?
Equity share would interesting but then once the technical staff have their equity whats to stop them quitting to work on something else? Or the inverse, while the project is making little to no profit how does the techincal staff live day to day?
Its all very interesting but any experiences or advice would be appreciated!!
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