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| Founder's Blood, Sweat Equity and Tears in a Startup |
Founder's Blood, Sweat Equity and Tears in a Startup
Is sweat equity a good way to help scale up your startup?
I guess finding the right person is obviously crucial. It’s important, if you are giving sweat equity, to have a written agreement in place to try avoid it all ending in tears. Even then it feels like a gamble to a founder betting on someone who joins you as a shareholder in your startup.
There are lots of people out there who put themselves forwards as mentors or having exited their own startup in the past, who say they will help you if they are given sweat equity. I suppose doing thorough due diligence on choosing the right person to join you is also important.
What are your experiences of giving sweat equity in your startup to someone?
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