How can a super small garage type start-up company with just a good idea and some brains launch put together a team of seasoned entrepreneurial know how to launch a new product. Well one idea is stock options. Recently I was asked to assist a small entrepreneur with a project, which would eventually turn into a new personal tech product. The company had no money and could not pay me for my knowledge. Indeed I had known this an not asked for anything. Yet the young entrepreneur said to me; I request that you must accept some type of financial comp from this venture. Stock options, etc, etc. Realizing of course that this was a sincere gift of goodwill and also showed a level of integrity, which is rare I replied I am not interested in money really, but I also realize that it is fair thing to do and in the long-run best for all concerned. I would accept stock options, but that is entirely up to you. I am not requesting anything to assist you, but I would like one of these devices once perfected and an additional strap to mount it on a Mountain Bike. I believe this is one of the coolest little gadgets I have ever heard of. It was therefore agreed and it solved a simple problem, a garage start-up generally has limited funds you see? For me, well I am mostly into the challenge of winning. This product can do a lot of things and the possibilities are endless meaning as long as the entrepreneur will walk before he runs then he should be able to look thru all the other doors as he goes later on down the road and see which ones might make sense in the future to for his little growing start-up company to go thru. You see his little personal gadget is a product that would make sense for security professionals, space endeavors, healthcare costs, decreasing domestic problems, dietary issues, protection of our people, landfills filled with batteries, industry, you name it. We must understand that even a simple little high tech gadget can make a huge difference and really become something some day. Indeed anytime you can have that level of impact on a civilization you indeed deserve a percentage of some of the efficiencies that you bring to the table. Bill Gates for instance, deserves his cut of the efficiencies he has brought to the World. So therefore taking stock options might be a really good way to recruit the people you need early on to really make one hell of a company. Think on this. |
