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by CyberFonic
4441 days ago
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Draw up a project plan with staged payments. Ask for an advance, etc. Yup! Money NOT equity! Just charge market rates for your work. With 4 cofounders they should be able to finance "their idea" - hey they work in a bank ... dhuuh! If they don't want to play on your terms, then it is better to find out now. One tech guy vs four biz types - just can't end well. No contract will totally protect you and good lawyers don't come cheap. Cheap lawyers end up costing even more in the long term. |
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