SMPP Software
Way of making Money
SMPP Software ProviderStarting a company is. This way of money making is riskier but more straightforward than working a job. There is no boss to decide what happens to you. There are 4 protagonists: you, your customers, your investors, and your co-founder. If you succeed, they succeed. And the way to making money for you looks like this: Find a product (or idea) that is popular but not yet perfect Buy one and study it in detail Figure out how to improve it Make a prototype Show the prototype to 100 people Remake it until people are willing to pre-order (for example on Kickstarter) Find a co-founder who can build it with you Split the equity – give your co-founder 50%, but use a vesting agreement so that their share becomes worth more the longer they work on the company Find an investor. This can be a person who has a lot of money (an angel investor) Give her or him 10% of your company Make the product Sell your product to 1 Million people Get more money (this time from VCs) List your company on stock exchange (this is after you’ve either raised a lot of money or have a lot of revenue, or better yet profit) Sell a lot of shares when you list on stock exchange Then just wait out the cooling off period (about 6 months) and you will have your money
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  • JoinedJune 4, 2016
  • Country India
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