I work as a Digital Consultant with 2 brands directly & head an agencies operations as a salaried personal. The agency & I have an understanding. Also my earnings from consulting are higher than my earnings from salary on a monthly basis. I get my clients for consulting via referrals and the period is usually about a year as I focus on the deliverables of building a brand. However, currently I spend about 20% of my time on consulting projects & 80% on the company I work with. I always think of letting go of the company and starting my own venture but I fear my weaknesses in business development would consume me. My clients have been with me for 2 years and have seen great results. My main fear has been in valuation of a startup, the % division in partnership and capital contributed by each party.
Raise from who? If you mean raise from the outside world all 4 of you are going to have to pour love, sweat and tears in before the outside world is going to even look at you. If you don't take the risk upfront, no one else will. Until you have, at a bare minimum, proof of concept your valuation is irrelevant. The upside is you have other sources of incomes to survive in the interim.
As for the % division in partnership - easily sorted by how much energy/time you're each going to put into it. Did someone start the concept or you all did together?
As for capital - put as little in as you can UNTIL you have a valid concept that's been market tested
Answered 11 years ago
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