Ep599 | What To Do When Someone Wants To Partner
In this episode, Danny dives into the topic of business partners and whether or not it's a good idea to take on a staff member as a partner. He shares his own experiences with the Army. He explains that businesses that are not venture-backed are often cash-flow-driven and service-driven. Rather than asking if a person is the right fit to partner with, he suggests focusing on finding the ideal person who is good at things the business owner is not.
- Discussion on Equity in Non-Venture-Backed Companies
- The Value of Sweat Equity and Understanding Equity Ownership
- Negotiating Equity in a Business: Advice for Start-Ups
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