Philip Kim
BANNED
- Apr 18, 2019
- 216
- 77
Like The Title Says..
Joint Ventures.. Good Or Bad?! :)
- Thread starter Philip Kim
- Start date
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- Tags
- joint ventures
- Mar 30, 2018
- 12,093
- 14,357
Good because you can delegate your work and decrease your expenses, however it should be a reasonable jv and only with reputed members
RedemptionT
Registered Member
- Mar 7, 2019
- 59
- 29
I disagree, you might not know how they do what they do but you might still be able to cooperate and reap the benefits
Faceless Men
Senior Member
- Nov 18, 2016
- 1,041
- 997
It can be good and bad
Cons:
You get only 50% of profits
Pros:
You get only 50% of the risk
Cons:
You get only 50% of profits
Pros:
You get only 50% of the risk
There are upsides and downsides to JVs.
I'm thinking here the OP is meaning JVs in general ( as opposed to the JVs section on here ).
Upsides include you bring together your own skillsets, finance could be part of the package. You dilute your financial exposure, should the venture fail.
Downsides; you're no longer in control, you have to share profits etc.
Watch Dragons Den or Sharktank on tv for an insight as to how to get screwed over by business angels ( the people want to offer 10% for $100k and the last Dragon screws then down to $100k for 49% ) But also how these people can help.
I'm thinking here the OP is meaning JVs in general ( as opposed to the JVs section on here ).
Upsides include you bring together your own skillsets, finance could be part of the package. You dilute your financial exposure, should the venture fail.
Downsides; you're no longer in control, you have to share profits etc.
Watch Dragons Den or Sharktank on tv for an insight as to how to get screwed over by business angels ( the people want to offer 10% for $100k and the last Dragon screws then down to $100k for 49% ) But also how these people can help.
SwiftCoin1
Newbie
- Apr 28, 2019
- 4
- 1
Partnerships work in rel life but I find it really hard on the Internet, 99% are big time wasters
blackbeans
Elite Member
- Nov 29, 2008
- 9,247
- 4,808
It totally depends on what each party brings to the table.
There are too many guys who have a Very ROUGH idea and expect their DEV partner to read their minds and fill everything in
others think that just because they bring the money, they call the shots
The bottom line? Each side must bring REAL VALUE
There are too many guys who have a Very ROUGH idea and expect their DEV partner to read their minds and fill everything in
others think that just because they bring the money, they call the shots
The bottom line? Each side must bring REAL VALUE
Dannyoffshore
Junior Member
- Apr 14, 2019
- 109
- 49
It can go both ways
