thanks for the detailed reply! he does indeed want a cash payment for his side of the business.
quick question:
when projecting future earnings, what time period is fair to assume?
the business has been steadily chugging along, growing some months, shrinking some months. we both planned to invest more time into it, but have been busy. the idea is that if i own most of it, then i'll have more incentive to invest new features into it.
this sounds like a fair approach - a shotgun clause right? i feel emotionally invested in the product since it was my idea, but he put a bunch of time into it and we both believe in it.
we've both contributed equal time to it, using our different skills. he's written more of the code, but the designs are mostly mine, and i've done all the research into advertising, CTR, managed our intern, and done the biz admin.
quick question:
when projecting future earnings, what time period is fair to assume?
the business has been steadily chugging along, growing some months, shrinking some months. we both planned to invest more time into it, but have been busy. the idea is that if i own most of it, then i'll have more incentive to invest new features into it.