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Had an offer for someone to invest $30,000 for a return of 5% (alien.top)

submitted 11 months ago by Nivsy_21@alien.top to c/entrepreneur@indiehackers.space

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Someone wanted to invest 30k into my landscape company for 5% return, now I’m not the smartest guy out there and someone is free to correct me if I’m wrong but shouldn’t that 5% be until the loan is paid off and not until I give the company up

Again I’m very new to this so I could be looking at this horribly wrong

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[–] AaronDotCom@alien.top 1 points 11 months ago (1 children)

Is it an investor or a competitor?

5% is peanuts truth be told, perhaps it's a competitor wishing to gain inside info about your business?

Usually when people want to invest they would ask double digit minimum.

[–] shaman-warrior@alien.top 1 points 11 months ago

Thats a fair assumption. Especially when you need to disclose plans to the shareholders