At the moment I have an idea (an app with many features on it which I keep confidential until patented, not a game) and the idea will not only help the company I'm aiming to present to grow drastically, but it will also help in solving an everyday problem for people. The company recently made $11 billion alone in the US, and I was wondering if asking for 5% would be a decent amount to ask for (minimum 1%)? What would be a good offer to ask for when bringing something that will benefit a company in a huge way and helping them pass their competitors?
Your ask of between 1% and 5% of an 11b company comes out to between 100m and 550m for an idea. Without knowing your idea but with no patent, no track record of revenue or proof of concept, it's a steep ask.
At the very least, you need to make sure to have it patented before bringing it to the company, because it would be very easy to build the app at a much lower cost than your ask.
Answered 6 years ago
Access 20,000+ Startup Experts, 650+ masterclass videos, 1,000+ in-depth guides, and all the software tools you need to launch and grow quickly.
Already a member? Sign in