Background: I am a hands on tech guy with a small but kick ass dev team. Doing consulting work for other valley start ups + couple of small in house projects. Looking for one idea to focus all our efforts on. BTW if you have an alternative idea and willing to pull your weight get in touch. I am open to bring in my team + seed money for right idea.
We need a good free/opensource or low cost license management product to integrate with our J2EE based product.
Suggestions from your experience?
Though I am willing to share the risk on ideas I believe in, by taking part of the compensation in equity, I am being repeatedly asked to do the whole work for equity or deferred payment.
There is a particularly interesting(very interesting technology, good background of the founder,etc) project on the table, which I am being asked to do on deferred payment. I.e. payment on Angel funding, till then 1% interest after first 6 months.
What are the pitfall of such a deal? If I go for it, how should I structure the deal?
LovdByLess(www.lovdbyless) Insoshi(www.insoshi.com)
Has anybody done a comparison(features, code quality, momentum behind the project, etc)?