i work for a cell tower company and my co worker and i are in the early stages of starting our own company. My current company is down to sub out work to us once we get operational. My co worker also has great contacts to have stable work for us. Here’s the thing, we have an interested investor offering to put up ~$60,000ish to cover start up costs. At first he wanted 30% which i thought was high. Then one day before we were supposed to sit down and negotiate he says he wants 70%. He’d be doing none of the work. So obviously that’s a no. My co worker and i could put up the money ourselves, but would it be smart to look for another investor and steer clear of using our own money? Business would be making around $2.25M to $2.85M per year for the first year or two then we’d bring in more climbers and scale from there. What do you guys think, investor or no investor?
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