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If a friend offered a $10K investment for 15% equity in a startup idea, would you consider?

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  • If a friend offered a $10K investment for 15% equity in a startup idea, would you consider?


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Answer #1 | 30/12 2013 06:54
Bite his hand off! He must be mad offering money for just a 15% stake in a private company. You could just spend the money on a new car and he wouldn't have a leg to stand on. How much are you putting in (in cash)? Do you think the company is worth around $300k? What value do you put on it?
Answer #2 | 30/12 2013 09:18
Who knows it could be a waste of money...How do you know the project is viable? How much money have you put into the product? Friends should not lend money to each other....it is the quickest way to ruin a friendship. I wonder how he gets any money back? Do you have a business plan made up....a formal one??? of is this spit-and-baling wire. Many questions....he may have 15% of nothing if it fails....how much money do you lose if it does?

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