I have started a side hustle with two friends. It's Climate Tech related. We have been working with it for the past year as a part-time hustle. We want to take it to the next stage.

My two other friends have a background in consultancy and one of them had a mentor who is really high up at a Big4. He would like to join the start up as a Partner. He seems really experienced and could help raising money, although he does not seem to care about climate change.

What would be a good offer?

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I feel like it’s kind of weird to have partners at a startup that don’t care about the mission statement but that’s just me

likesmartfunny

Yep 🚩🚩🚩

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This person could be an advisor or an investor.

Startups are typically not partnerships.

likehelpful

Why partner with someone that doesnt care about your mission? So they're only there for the money?

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Also have you looked into getting a grant? There could be govt money available for climate change products

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Give him 75%. He is high up in big-4 and therefore worth it.

funny

1

I don’t have any recommendations. However, if you ever need a water resources advisor that is passionate about clean water, DM me!

How are you competing with the big dogs in the GHG accounting space? There is a lot of funding going around to the big companies with hundreds of millions in backing.

I don’t know that I would rule Hume out just because he isn’t into climate change. I for one don’t really care, but there are some components of that movement that I do like. I also have funded some deals in the past that have green components to them. Primary because a lot of green incentives bring efficiency and bring about higher profit and/or productivity.
I’d look at what this person brings to the team. Can they bring skills or experience that fill in gaps that others in the leadership are missing or weak in?
Regardless also, I would have a plan and exit strategy in place and in writing that defined how you would handle a partner wanting out or loss of confidence, if you needed to remove a partner.

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