Coding for equity.

1) In my case it was the joint work on HLSDD (High Level Software Design Document), although the basis for preparing me. the process usually takes about a month or two, depending on the intensity of communication.
2) The contract is compiled from the completed forms my lawyer. In the case of X-tend, they also represented a lawyer. With regard to risk, it is sufficient often combined model where the developer paid some shares, and a part (as a rule that covers the cost of the developer) cache.
3) Participation in Development Planning business processes depends on the developer's experience. Again, in the case of the X-tend, the team has accumulated vast experience in market entry and withdrawal on the leadership position is not one web project in Ukraine, therefore, on many issues, we make joint decisions.
4) In our case was the valuation of the product development time, which was imposed on the value of a company established by foreign investors ( at the time of entry X-tend was already signed an investment agreement with two European VC).
5 ) With respect to the share of the blur, then, in my opinion, the most important thing for the developer does not control the business ( the size of the stake in the company ), and the monetary value of this share. T. e. What's the difference for many minority shareholder interest in his company if yesterday 's share was worth $ 1 and $ 10 today.

Kosty wrote:.
Maxim.
I understand, you have repeatedly used the above model in the construction business relationships with developers, so a few questions:.
1 / the average number of time- served process of negotiation and preparation of TOR for the developer, who was engaged in detailing;.
2 / what volume, and who was a contract with the developer. You are ready to take form, or develop themselves. in the first place, the risks of the parties;.
3 / developer involved in the planning of business processes, or only produces and technically accompany the product;.
4 / evaluation of the contribution is based on what a developer: a potentially spent time in the future, the risk premium or an agreed ' ceiling ' % of the capitalization of the ephemeral. which is the starting point for finding a compromise with the developer in the evaluation;.
5 / Developer reaction to the possible / necessary to blur the steak in the future.

part 1. http://dennydov. blogspot. com/2010/10/coding-for-equity. html.
part 2. http://dennydov. blogspot. com/2010/10/coding-for-equity_13. html.
part 3. http://dennydov. blogspot. com/2010/10/coding-for-equity_14. html.
part 4. http://dennydov. blogspot. com/2010/10/coding-for-equity_6827. html.

Max answers questions. http://dennydov. blogspot. com/2010/10/coding-for-equity_15. html.