Questions

I have a SaaS that I have recently built from scratch. But I currently wear all the hats -- marketing, ops, tech, strategist. I do this more out of necessity than being a control freak. I would love a little help and honestly believe I'm working on a project with tremendous opportunity, but I am unsure how to try to find other potential partners based on equity alone.

I know what it is like to be a solo founder! It is very difficult to build a team when you do not have the capital to pay them. What I did when I started was finding friends who worked for companies and were looking to freelance (ex. Had a friend in PR who ran our PR division on the side of her day job.) This is great because they give you the "friend discount" and are willing to help you succeed because they believe in you more than the money.

Also, I have used people from Upwork.com, which has been great! Since you can find people who specialize in certain areas, such as Web Development, Writers, Sales, Photoshop and more you can use them project by project. Many will work with your small budget because the freelancers come from all over the world and really want to create business relationships.

My #1 advice as an entrepreneur is NEVER give up equity when you do not have to. Find people to work with you and your budget without giving away your company. If you ever want to set up a phone call to further discuss why I believe you shouldn't give up equity and need more advice on finding a freelancer feel free to reach out, I would love to chat :)


Answered 8 years ago

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