Hi All,
I am back again with a new query. Before sharing it with anybody i thought this could be the best platform for me to get some good insights.
We run an e-com portal CAKEHUNT and we are based in Ahmedabad. It was launched in June 13. Though not very big, but we are doing a good business and have very good retention.
We are 3 partners in this venture and none of us knows coding- shoding. In recent times (may be from day one) we are facing bandwidth, hosting and site updation issues frequently. I manage the backend which is limited to managing orders, product addition, modification and deletion.
Since last few days the issues are increased and we are able to get things done from the existing vendor. He is fully paid for the work long back and few things requested initially are still pending. He might be having his side on this.
Came in contact with some good peoples who shown interest to help me resolve the issues with the current site. There are 4-5 five peoples who shown interest to help, putting the money part aside. Yes, we are definitely going to pay the person his / her charges / fees.
We are also working on some other such kind of business idea. Paying money and getting things done is the best possible solution. However, nobody can guarantee the future… We are good in execution part and worst on technical side.
While talking to these people, a thought came to mind, why can’t be one of them be my / our partner in this venture. I can share some equity with them rather than paying them one time.
It will help us get things done as and when we face any problem. At the same time, the technical person can get returns for lifetime from our venture. Though it will be small at the start, however it can work as a pension plan in long term. The amount is definitely going to increase with time, as we are also growing.
Need you suggestions on
1. Shall we go for a co-founder by sharing equity with him / her ?
2. Shall we search for some good vendor and pay him / her one time ?
3. As the role may be revamping the site or may be designing it from scratch once, how mcuh do we share with the co-founder ?
Please share your views and I promise, one day, sooner or later, We will deliver your feelings – Safe & Secure…..
Thanks, the cakeman who deliver feelings, Ashish S Parik.
You can read the previous discussion about our project HERE, how it started.
(Image – foodtechconnect.com)