this post was submitted on 28 Nov 2023
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Ownership is all you need, fight for it and keep as close as 100% possible. Don't sell it cheap, better to use your own savings.
But also, equity also means nothing if you never sell the business, meaning he gets to keep the money and never has to give anything back to the investor. Most small businesses are worth $0 equity as they have basically $0 potential to be sold for any reasonable amount in the future.