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Any Hackers in Charlotte, NC?
I have an excellent location if you guys would like to meet up for beers, gaming, and coding.
Current projects: www.edisonnation.com
The investor is getting 5% of his company for $100K.
Should I offer $20K worth of development for 1% of his startup? I would come up with an approximate time commitment by converting $20K to hours using a $50/hour contract rate (which is what I can easily get in the market right now).
The product is a medical device that takes certain measurements of users. I would be responsible for coding the number crunching software that takes the data as input and displays useful info to the user via the web. I would also be coding in Ruby on Rails, incidentally.
Can you guys give me any insight? ... Is my reasoning way off base? Thanks!