Hi HNers,
I'm seeking advice with the following situation: I'm a software developer with a B2B sales-process app in a niche market. The app is at the prototype stage, well past just an idea. I've been in discussions with someone who intends to bring industry knowledge, contacts, and finding/closing initial sales using the app.
He's proposing a joint venture arrangement for collaborating, and I'd like to know what the pros and cons of such are? By contrast, most of what I've seen/heard for software startups involve equity as an employee/founder vested over time. This JV proposal still has equity involved, as well as possible salary/commissions. Terms are still under discussion, things are fluid. Any advice, stories, etc. appreciated. Thanks HN!
