₦airaland Forum

You are a solo developer who is working on this Nigerian app which you are certain of having at least 10,000 active users daily within 2 months after launch, you have also mapped out different means you could generate revenue from this app from both users and businesses, your app is 90% ready for launch

Which of these options would you choose as means to make backup cash to foot up your bills ?

1. N100 million from an investor who wants 50% of the company

2. A job in a foreign company where you'll have to work for at least 2 years

3. Freelancing as you build your startup

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If this is real I'll go with the first option, 100m bruv, you can build more than one new start ups with that.

First option but no serious investor will dole out 100 million to an app that hasn't made a kobo in revenue. Go out and touch grass

Maxxim:
If this is real I'll go with the first option, 100m bruv, you can build more than one new start ups with that.

some investors give conditions that make it impossible for you to leave the company

tensazangetsu20:
First option but no serious investor will dole out 100 million to an app that hasn't made a kobo in revenue. Go out and touch grass

There are bro, depends on how solid the idea is

yankeecoder:
some investors give conditions that make it impossible for you to leave the company

Not that you'll leave, I meant you can build new startups from the proceeds and you'll have that by the side.

Maxxim:
Not that you'll leave, I meant you can build new startups from the proceeds and you'll have that by the side.

Okay but there are also other tough terms investors can bring that will frustrate you

U can do any of the them and still work on your startup

GREATIGBOMAN:
U can do any of the them and still work on your startup

Yes, but which option would you prefer or which do you think is most safe ?

yankeecoder:
You are a solo developer who is working on this Nigerian app which you are certain of having at least 10,000 active users daily within 2 months after launch, you have also mapped out different means you could generate revenue from this app from both users and businesses, your app is 90% ready for launch

Which of these options would you choose as means to make backup cash to foot up your bills ?

1. N100 million from an investor who wants 50% of the company

2. A job in a foreign company where you'll have to work for at least 2 years

3. Freelancing as you build your startup

Easy, an investor

Fourpockets:
Easy, an investor

For 50% stake ?