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?
Hi:
I'm wondering why you aren't starting a business to produce this app yourself?
Develop a prototype, show it to likely users, take their feedback to refine the product, build a marketing plan, launch the product and generate sales. Once you've proven that it sells and customers value it, this company could look at the decision to acquire it as a no-brainer.
Also, in terms of what to expect, this company you have your eye on would likely be looking to pay the fair value of your company, which probably has no correlation to their market value.
If you wish to discuss, send me a PM through Clarity for 15 free minutes.
Cheers,
Kerby
Answered 6 years ago
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