bitonomics
Joined 13 years ago
Karma
194
Submissions
47
Member since
May 3
Producer. Photographer. #girldad.
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Comment · 12 years ago
This opens the door for them to compete with a lot of these platforms. Since they already have the hardware on site (iPad) they start to become a competitor for StyleSeat, MyTime, Noshlist, NoWait, etc.
Comment · 12 years ago
It's really cool to the additional value being added tot he platform outside of payments.
Comment · 12 years ago
- Where can you find a good co-founder ? Best if it is someone you have known for a while. If not meet ups and places where people with common interests gather.
- What share would you offer him (already working 2 years on the project already and invested money in it etc.)? It depends on what type of skills they bring to the table. A vesting schedule is best so that over time they are compensated, but if they walk away a few months into it you aren't screwed.
- How would you organize it legally ? Depends on how your projects are organized. LLC or C Corp managing the other entities probably works, but there are a lot of variables and this is where a lawyer would come in.
- Would you meet him in person first ? ABSOLUTELY! This is basically a marriage...you don't want to start that on a blind date.
- Are there other things you should be careful for ? Be careful of over committing equity and not knowing the person well enough.
Another useful thing might be to read this article by Mark Suster: http://www.bothsidesofthetable.com/2011/05/09/the-co-founder...
Comment · 12 years ago
Isn't that what TechCrunch is for? [joke]
Comment · 12 years ago
What was the goal of the press release?
It can have some good uses if you can get them wanting to ask more which would hopefully lead to a story.
Comment · 12 years ago
Congrats to the PD team. They have a great product and expanding like crazy.
Comment · 12 years ago
There is certainly a market for mapping data. I think the big part is being able to layer the data in a constructive way and having access to said data is probably the hard part.
But you have companies like Esri who make $1B/year on maps and yet most people have no idea who they are. (www.esri.com)