₦airaland Forum

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Mustiboy:
so much arrogance for a pauper. SMH

Get off my mention you fool

Mustiboy:
you throw insults at potential investors and you expect to get anyone do business with you? with this vulgarity of yours? I'm sorry to say, but you aren't getting anything.

Move along boy, I don't work with greed clowns like those guys who have nothing to offer my craft but sit and throw orders, FYI I'm a comfortable with my life as it is, I only want to expand with the right sets of people even if it is only one person, so move along boy.

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Millz404:
The guy does not know how to talk. Deals like that are prevalent in Silicon Valley. In fact him offering a 50 50 deal, he is shortchanging himself because he can not be the CEO without having the controlling shares which should be at least 51% of the company. In fact if i am setting up a company and i have gotten it up to prototype/early stage level. I can't give more than 25% equity offering. 30% equity offering is still even on the high side except the startup has nothing started atall which significantly increases the risk of the business.
That been said, you cannot blame the investor or call him a clown because of his proposal, you should rather explain to him why his deal isn't favorable and might even convince him into a deal that favors you well. 50% of new businesses fail in their first year and 94% does not make it to the fifth year

Thanks for your insight, I'm already working on setting the company up to a level that will make my investors become minority owners, and there will no control over 25 percent of the brand am working on.

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