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We don't really need the money, we each have other incomes that we're comfortable on. This was a speculative side-project.

• bootload 15y ago
  "... We don't really need the money ..." Then consider, who has the power in the negotiations?
  • alwaysclosing 15y ago
    Screw the variable payout notion. It's a hook (as said). - $6m in 3yrs is a substantial risk and unlikely due to what everyone else said. - $4m in 2yrs is still a decent time horizon, but as mentioned, they are trying to lure you in for on the promise that it will be hard to pay in 1 year and probably more than they are prepared to spend. - Try $3m in 18 months with $1.5M upon close and $500k divided over the next 18 months. You get 75% upfront and can hedge on their success/failure. Waiting and anticipating checks to arrive is a nightmare and if you are like most, you will be highly bothered by this - whether or not you get your code back. (At which point, it will likely be duplicated elsewhere or deemed irrelevant.)
    • bootload 15y ago
      "... Try $3m in 18 months with $1.5M upon close and $500k divided over the next 18 months. You get 75% upfront and can hedge on their success/failure. ..." Nice answer.