@wkyo wrote:
Hi Guys,
A quick introduction: my name is Toby and am the co-founder of a project that helps people understand an apartment location before buying or renting an apartment to relocate to.
We are based out of a small country in Europe and we were approached by a big corporation in Africa (Nigeria) to launch the platform in the country and they will invest and run it there.
Now to the problem and why we posted this here:
They are asking for a 70% of the company and with the way we see it, it will be impossible for any VC to invest once they see a 70% on the term-sheet. I know what you are thinking, why do we need investor ? Simply because we want to take this global which will eventually need a traditional VC.
They are not investing like a normal investor does - "Take this amount for this equity" scenario. They are offering it more like "Tell me what you need and we will give the money"
So to the Question: Should we take this or NOT and what do you suggest ?
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Participants: 3