Part I
Most of the young and under-funded entrepreneurs choose to pay for the hired help (algorithm coders, web designers, engineers and various advisers) with a solemn, usually written in an email promise for sharing the wealth if and when the project will become a success.
What does it actually mean?
On the way to your Beta version, search of investors and the much desired EXIT, there are lots of people who will help you along the way. Some of them more, some less, but the common ground for all of them will be not getting a piece of the company. Meaning none of them will become a co-founder or shareholder.
In fact, following completion of their work, you probably won’t see them again or at least will desire not to.
The better scenario will be if the independent consultant would actually diligently fulfill his/her tasks, get paid and won’t bother you again.
עברית