Entrepreneur

0 readers

1 users here now

Rules

No Personal Attacks - criticism of ideas is allowed, attacking people is not.
Self Posts Only - links can only provide supplementary material. Your post must contain enough content to have a discussion.
No “How To Get Rich Quick” posts - This community is not about making a quick buck. Posts asking the community how to make $X, without making specific reference to a reasonable idea, are not tolerated.
Avoid unprofessional communication - Please treat fellow entrepreneurs like respected coworkers, label conversations if NSFW and avoid deliberate provocations.

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago

MODERATORS

communick@indiehackers.space

Bringing on a Co-Founder for the Sole Purpose of Fund Raising (alien.top)

submitted 11 months ago by astronao@alien.top to c/entrepreneur@indiehackers.space

4 comments fedilink hide all child comments

I have a friend whose personality is boardline AI when it comes to reading people and getting to know them. We will go to bars together and he can without fail get free drinks and make new friends.

He is currently working as a SE for a PenTesting company. Over beers one night I discussed with him my troubles of convincing VC investors. He told me if he got in there, he could easily get the funding because he has sat down with me enough to know my company inside-and-out.

So I am just curious, have you guys ever brought on a Co-Founder for the sole purpose of neogotating with series funding? I was thinking of bringing him in at a small equity amount and if he did actually get funding, I would then increase the amount to 50/50, or maybe base equity solely on if funding is received.

What are you thoughts? Thanks.

you are viewing a single comment's thread
view the rest of the comments

[–] No-Star-8000@alien.top 1 points 11 months ago

This is sincerely a bad idea. Gauging from how reactively (and immaturely) you are thinking about your friend, I would wager that your business may also be a bad idea and that’s why investors don’t throw money at it.

The problem isn’t you lacking some “gift of gab” here; the problem is deeper and has to do with your business or you.