How To Start Your Own Online Business Startup
Example
Let's say that you or a group of friends have a great idea to develop an iPhone app, but want to limit your initial cash investment?
1. Make A Deal
Make a deal, right now, online, with everyone you need to build the app:
- convenient: online, completely free, 100% automated, legally proven
- safe: covers all potential disagreements between co-founders
- powerful: complex notions of shares vesting, one-time tasks, etc. are all easily defined and monitored online
- freedom: convert the deal anytime into a real company (C corp, LLC, etc.) and take your app to the next level
2. Share The Money
When your iPhone application is developed, we upload it on the App Store and our server automatically shares its revenue among the contributors, following rules you specified when you made the deal.
It works the same way if you are selling PC software on the web or make money with your blog: We can automatically share the revenue from PayPal purchases and Google Adwords.
Work with others and share the revenue without forming a company
At any time, you can convert a Fair Startup into a company and all the rights and intellectual property automatically follow. When your startup starts generating significant revenue or you want to raise funding, just upgrade to a company such as a C Corporation, LLC... All the members of your startup then become real shareholders.