[petervandijck]

1. They're douchebags (which is proven by the terms of the "investment"). NEVER sign your company away to douchebags. You should prefer to shut down.

2. Which country are you in?

3. You have a (terrible) offer in hand. Now shop around. Decide how much you need for 12 months runway, minimally, and sell 20% of the company for that. Tell us your country, and ask for people here to connect you. Try to connect to expat technology people who are from your country but live in the US tech world. They are more likely to invest a few 10K at reasonable terms.

[kemo]

2. I'm in Bosnia and Herzegovina and the start-up is targeted for the ex-Yugoslavia area (Bosnia, Croatia, Serbia, Montenegro)

3. I'd love to connect with as many people as possible, my email and twitter are visible on my profile