My experience has always shown me that if a client cannot afford to front
the cash to do even MINOR up front development he/she cannot afford to be in
the business and is probably looking for a quick buck.
When I am approached by these types I tell them how long it will take to do
what they want up front, my bill rate and they can take it or leave it.
I'd ask for a retainer, too.
Sincerely,
Shawnea Carter
----- Original Message -----
From: "Reuben King" <[EMAIL PROTECTED]>
Newsgroups: cf-talk
To: <[EMAIL PROTECTED]>
Sent: Tuesday, May 02, 2000 5:53 PM
Subject: OT: Spec deals -- how much to ask for?
> I have a deal brewing which is probably typical in this business.. A
> business guy and his attorney cooking up a dot.com idea in their heads.
> Interested investors, but no real funding until "something" exists.
> They are flirting with me hoping I'll develop it in my spare time in
> exchange for stock in the company.
>
> I have never worked a project for equity in a company. I'm wondering
> how much I should ask. I'm thinking 1/3rd of the company?
>
> If anyone has any relevant experience doing business this sort of way,
> I'd certainly appreciate any anecdotal thoughts one way or the other.
>
> Thanks,
> -RK
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