Re:Earnest Capital is live
by ddebernardy on Wednesday February 13, 2019 @01:50PM
(#19155573)
If I read your agreement correctly, your terms are so that you invest $150k in what is or nearly is a bootstrapped business, on what essentially seems like a profit share basis, and expect to get paid for your doing so until you've made $3M? It's not entirely clear to me what the benefit is compared to a bank loan or VC money if you can get the latter.
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Re:Earnest Capital is live
by tylertringas on Wednesday February 13, 2019 @02:01PM
(#19155672)
$3m?! No. This post walks through each of the terms in detail: https://earnestcapital.com/shared-earnings-agreement-digging...
We have a Return Cap which is negotiated on a per deal basis but we guide toward 3-5x the initial investment.
Re:Earnest Capital is live
by ddebernardy on Wednesday February 13, 2019 @02:31PM
(#19156014)
[Didn't read the doc properly]