I Need Advice On How To Compensate People Investing In My Start Up - Business

I Need Advice On How To Compensate People Investing In My Start Up - Business - Nairaland

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I Need Advice On How To Compensate People Investing In My Start Up by Donald3d(op): 1:05am On Jun 10, 2017

Hello,I am a programmer ,I am working on an app that would change a sector in Nigeria and even the world.

I dont want to go to investors because of the huge percentages they ask for .
I want to get investment from close friends .
Now here is the question :
I am a bit new to how the whole investing thing works .
I am thinking of giving them a percentage of the company .
But how does it really work ,would i be paying them salary ,or giving them that percent of profit every month.
Most of them wont be active in the company,some might be .
Pls educate me.

Re: I Need Advice On How To Compensate People Investing In My Start Up by dingbang(m): 1:07am On Jun 10, 2017

Steve Jobs spent alot of money on investors and eventually lost his rights in the beginning.

Be careful of those you bring on board

Re: I Need Advice On How To Compensate People Investing In My Start Up by Donald3d(op): 1:14am On Jun 10, 2017

dingbang:
Steve Jobs spent alot of money on investors and eventually lost his rights in the beginning.

Be careful of those you bring on board

Thank you sir for your words.
But i need money to push this thing fast ,you no how ideas are before you know it someone else has done it (It has happened to me a lot ,because of lack of funding).
Being a programmer makes it easy ,it reduces money i need to get it rolling .
But there are some things i still need money for like domains ,hosting,digital marketing etc.

Re: I Need Advice On How To Compensate People Investing In My Start Up by dingbang(m): 1:17am On Jun 10, 2017

Donald3d:
Thank you sir for your words.
But i need money to push this thing fast ,you no how ideas are before you know it someone else has done it (It has happened to me a lot ,because of lack of funding).
Being a programmer makes it easy ,it reduces money i need to get it rolling .
But there are some things i still need money for like domains ,hosting,digital marketing etc.

why not talk to a lawyer ...

Re: I Need Advice On How To Compensate People Investing In My Start Up by Donald3d(op): 1:25am On Jun 10, 2017

dingbang:
why not talk to a lawyer ...

I have that in mind ,but would still love to have some idea of how it really works .In addition lawyers are not free hehehehe.

Re: I Need Advice On How To Compensate People Investing In My Start Up by dingbang(m): 1:27am On Jun 10, 2017

Donald3d:
I have that in mind ,but would still love to have some idea of how it really works .In addition lawyers are not free hehehehe.

don't have that mentality bro.. If nairalanders asked you for money in exchange for advice, would you be happy?

Re: I Need Advice On How To Compensate People Investing In My Start Up by Ademat7(m): 3:21am On Jun 10, 2017

Donald3d:
I have that in mind ,but would still love to have some idea of how it really works .In addition lawyers are not free hehehehe.

Lawyers are cheap when u r not under emergency situation,u will b surprised at d fee d lawyer will charge

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