[brudgers]

I used triple just because it's a low but obvious payoff for 50% equity.

The immediate problem is not lack of money but lack of staff. Taking VC means turning up the heat on the lack of staff problem, and more money does not identify the right technical candidate, and in my mind at least, you really need a technical candidate who is partner grade and partner committed. Someone without the commitment can leave behind perfectly good code in an environment where those who remain were not close enough to its creation to quickly make sound modifications...imagining what a person without technical chops can leave behind in the code base is left as an exercise for the reader.

[Glad you enjoyed the blog.]

[davidfm]

OK, get your point on the multiple. Sorry, commenting on my business has me in defensive mode!

I recruited and retained several top level devs in my 10 years prior to going it alone. I'm not too worried about that bit. But thanks for making me think about what worked well in the process back then.

[brudgers]

I'm not just commenting on your business, but commenting on the internet...i.e. in near total ignorance. And not just that but telling you to give half of it away like I know what I'm talking about and you with a family.

Anyway, I was in the parking lot about an hour ago and thought the right developer might come in already knowing angels, vc's or 3F's.

[davidfm]

Thanks for the thoughts. Via another comment on here, I've made contact with a couple of developers on CoFoundersLab. Who knows, maybe one of them might be the right one. Cheers.