
Would you accept a % ownership instead of payment?
So I might start working with two unique offline clients. One is two partners who invented and patented a new type of wheelchair accessory which may greatly improve the ease and use of wheelchairs in difficult terrain...
The other is a fashion designer who is truly talented and has done several fashion shows here in the City and across Canada. She was recently in Europe to check out fashion ideas and a local merchant approached her to sell her designs in Italy...
So both of these companies have huge potential...but right now they are both starting at zero.
Now on one hand I "could" charge them a typically monthly marketing fee to help get them exposure and credibility etc, but I'm thinking that instead giving them the option of providing me a percentage of their companies (would need to get them both to incorporate to do so) would make more sense.
For those that have watched the movie The Social Network, when Facebook's offices were first getting setup, they approached one well known artist to do the murals for their interior walls. So they offered an artist the option of $60,000 in cash or shares in the company instead of payment...in order to do the wall art etc. for the office...
Well the artist chose the stock option and 5 years later those stocks were worth $200,000,000 million dollars:
Facebook's Graffiti Artist David Choe's Life Unchanged by $200 Million - ABC News
So that is what has me thinking now...
What do you guys think? Anyone made such a deal with a start up client before?
~Dexx
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