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Try it yourselfI am being asked to provide a proposal for a business partnership to enter a new business Two other people have the capital and business know how I have the technical know how and understanding of the field What do I propose
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I am being asked to provide a proposal for a business partnership to enter a new business Two other people have the capital and business know how I have the technical know how and understanding of the field What do I propose
Write a short, concrete term-sheet-style proposal that covers roles, ownership, money, milestones and governance. Include these items:
- Brief one-line purpose and product/market.
- Contributions: list capital (amount each), business roles, and your technical deliverables (MVP, ops, IP).
- Ownership: propose an equity split range (e.g., tech founder 20–35% depending on capital risk) and note any salary deferral.
- Vesting: 4 years with a 1-year cliff for all founders; additional milestone-based vesting tied to key deliverables (MVP, 1st 3 customers, revenue target).
- IP & licensing: assign IP to the company; include a founder license-back clause if needed.
- Governance: board of three (one per founder), routine decisions by majority, major actions (sale, new funding, founder removal) require supermajority (e.g., 66%).
- Finance & exit: include capital call rules, anti-dilution approach, buy-sell/drag-along/tag-along, dispute resolution.
- Timeline & next steps: sign NDA, draft a one-page term sheet, build a 3–6 month roadmap and basic financial model, engage a lawyer.
Do you want a one-page term sheet template with suggested numbers and milestones tailored to your project?
Kimi K2.5I am being asked to provide a proposal for a business partnership to enter a new business Two other people have the capital and business know how I have the technical know how and understanding of the field What do I propose
Write a short, concrete term-sheet-style proposal that covers roles, ownership, money, milestones and governance. Include these items:
- Brief one-line purpose and product/market.
- Contributions: list capital (amount each), business roles, and your technical deliverables (MVP, ops, IP).
- Ownership: propose an equity split range (e.g., tech founder 20–35% depending on capital risk) and note any salary deferral.
- Vesting: 4 years with a 1-year cliff for all founders; additional milestone-based vesting tied to key deliverables (MVP, 1st 3 customers, revenue target).
- IP & licensing: assign IP to the company; include a founder license-back clause if needed.
- Governance: board of three (one per founder), routine decisions by majority, major actions (sale, new funding, founder removal) require supermajority (e.g., 66%).
- Finance & exit: include capital call rules, anti-dilution approach, buy-sell/drag-along/tag-along, dispute resolution.
- Timeline & next steps: sign NDA, draft a one-page term sheet, build a 3–6 month roadmap and basic financial model, engage a lawyer.
Do you want a one-page term sheet template with suggested numbers and milestones tailored to your project?
Gemini 2.5 FlashI am being asked to provide a proposal for a business partnership to enter a new business Two other people have the capital and business know how I have the technical know how and understanding of the field What do I propose