[dcphp-dev] Re: Technical Angels

What everybody else said, and I would only add the following.  If the ideaware is truly valuable, a VC will recognize it very quickly as soon as it is wireframed.  So the duration on the path from idea to funded startup should be the absolute minimum.  Do your marketing materials and your elevator pitch first.  And you should retain 100% of your own intellectual property until you've reached a certain payment threshold, perhaps at the mezzanine funding level, before starting the IPO.  The venture can license the IP from you, accruing a reasonable debt in the form of license fees that will be due and payable from external funding.

Also, if the ideaware has already been packaged and shopped around the VC community and it found no takers, that would be a strong negative signal to me.

On Wednesday, August 22, 2012 9:18:31 PM UTC-4, bwdev wrote:

Hello,

I've been in the PHP world for a while and have worked for a few companies large and small over my career.  A few years back, I launched my own mobile startup and am considering launching a general custom dev shop now.  One concept that has interested me lately is the idea of being a 'technical angel'.  While we all still have to put food on the table, are any of you taking on work in exchange for equity?  As an investor gives their money, are you giving of your tech services?

I'm just curious to hear if others are going this route and if so, how it's working.

Thanks,
Eddie

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