Libby and David Koch – partners in life and business.
Plenty of startups have co-founders who bring different skills to the business.
Sometimes it’s “sweat equity” – the sheer hard work required in the business to succeed, without pay, and for others, it’s the capital needed to get the business up and running: cash, which means you don’t have to chase seed funding or a series A to get cracking.
Flying Solo’s Lucy Kippist sat down with Pinstripe Media founder David Koch ask him how to calculate what each partner brings to the business after a member of Flying Solo’s Money forum asked what to do if they bought a business with a partner who was bringing cash to the deal while they were going to be doing most of the work.
Here’s what Kochie said about how to deal with it:
This video was originally published on Flying Solo as “Help! How do we structure a business when one partner brings all the cash?” You can read and watch the original here.
- David Koch is the founder and owner of Pinstripe Media, publishers of Startup Daily and Flying Solo.