So here is my story , while I was in college I had a few ideas for a start up and decide to pursuit one of them full time the day I graduated (last summer ) . I posted an ad on kijiji to find a developer still in college that was willing to work for equity . So we started to develop the idea, as I went to market it using the website meetups. Many people told me they were interested and I even got to present my idea in front of a 150 people . So 3 months after working with the developer he introduced me 2 of his other friends who wanted in on the project .so I decided to give each 5 percent equity and I was going to increase it when the project ended.they all agreed and started working on the app. The app was mostly brainstormed by me **I'm an electrical engineer with minor software experience**. All the app dev team had to do is follow my blue prints and finish the product. But it got to a point where we would meet up and they will add their own features because they thought it would make the app better/perfect wich took them more time other than focusing on the basic app .I decided we needed more funding so I took a job for three month to make around 20k to help us.but I had to move away like 5 hours away . I put.my trust on the guys that they will have the app done. By the time I came back they had nothing but a bunch of excuses and the app was no where near done . Some started complaining they are no making any money.To make it easier I took some of the money I made and paid a profesional freelancer to build half the app so that the guys could continue on to of it just to find out they did not understand the complexity of the new code . So I decided to let go of the team and take back the shares of the company. I have an idea now half built and no more money . I was wondering what would you guys do .
Sorry for my English in advance . I'm french
Sent from my SM-G900W8 using Tapatalk
Sorry for my English in advance . I'm french
Sent from my SM-G900W8 using Tapatalk
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
