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I totally agree that if she is going to be an employee she should be paid and if not then her labor should be her equity (that's what vesting is for). The other question I'd worry about with this...

I would actually disagree with much of this thread and this idea. I think the thought of "throw money at it" is dangerous and probably counterproductive.

I don't think the point of this thread...

Specifically for tech startup info, one of my favorites is startupcompanylawyer.com.

For $10-$15k, why not just hunt around for funds from friends and family? That's much easier than dealing with a bank.

Agreed. Family and friends first. If those don't work you can look for...

I think it's projects that received funding (ie. hit their target) and those that didn't (missed their target). Kickstarter tries to avoid getting into the "worked vs. failed" product game since...

There are also times where someone I know (know in the online sense) posts a project like writing a book or building a site. There may not be a product yet, but knowing of the person I trust there...

If someone is in an obvious position to use your idea for themselves, don't be a fool. Keep the idea to yourself.


This is exactly right. I ALWAYS try to talk with folks in the know / who can...

I love this rant. I think there are a lot of great points here about how you *can* scrape by and build a successful business without having cash in the bank, but that takes time and gumption WAY...

You're exactly right that you're in a great position to start sorting things out. I wouldn't quit the day job by any means, since it sounds like a good, flexible gig (and frankly it's good to get...

There are a few services out there that help you "lend to a friend". I've never used them, but they might be a cheaper / simpler route than getting lawyers involved. Although having lawyers on both...

The movement from donation-based crowdfunding to securities-based is one I've been following and working on for a while (in my former life as a startup lawyer and then following that). ...

As nealrm said there should not be much of a difference since you will likely have to personally guarantee the business loan. The advantages of a business loan are (a) it keeps your business...

Did you have any sort of agreement when the LLC was dissolved about who owned what assets? The "idea" itself isn't really worth all that much, so I would be much less worried about using that than...

Honestly from my experience that's even better as long as you can show three years worth of growth and cash flow. A lot of professional / angel investors have burnt out on the "true" startups and...

These days Kickstarter has moved beyond just creative projects and more into "pre-sales" where you can design a product and then pay for the actual creation with pre-sales (the most famous being the...

I agree. You are going to have a hard time with angel investors unless (a) they are in love with the space or (b) you can convince them that this could be a huge business with you at the helm (not a...

As others have said you might have trouble getting a business loan right now since you do not have any business assets and have not been in business yet. Most banks want you to have been in business...