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Updated about 8 years ago on . Most recent reply
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Partnering with Newbies
I am in the process of doing some research and would like feedback from experienced investors.
If there were an organization that connected you with fresh talent to train/mentor one on one, would you be open to committing to a 3 deal joint venture partnership with a 60/40 split for the investor?
If not, what would be the hesitation?
Is there a more preferable split?
Any other feedback on this is welcome.
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Originally posted by @JD Martin:
What does the "fresh talent" bring to the table for their 40% cut?
Well nothing initially, I was thinking the mentee would serve as somewhat as an exclusive wholesaler for the investor. The mentor would show them where/how to get inventory, and the would go do it. If the split is the issue, what would be an investor incentive, if any, for this type of relationship? I just threw that out there, no real reason for that number.