I'm working with three friends on a project where the owner has presented us with two payment options: a monthly salary or a share of the profits from subscriptions. While we need to negotiate the profit percentage, I'm curious about experiences with profit-sharing deals, especially in the context of a project that's described as 'highly ambitious' in the AI space. What do you think is a fair percentage to ask for?
5 Answers
Honestly, I'd never rely solely on profit share. If they already had income from subscriptions to look at, then maybe. But without that, you'll likely end up with nothing. I'd consider a tiny profit share just for the chance, but mainly push for cash.
I’d definitely go for the monthly salary. There are so many AI projects trying to hit it big, and most just don’t make it. If you're not seeing anything concrete in terms of revenue, salary is the safer route to go.
I'd say aim for a salary and if they can afford it, negotiate a percentage after, but make sure you have that minimum salary locked in. It's risky to assume profits when there haven’t been any yet!
Forget profit share unless it's your idea and you get to keep all of it. The reality is, if they're making money, they'll likely hold back on sharing any of the profits with you.
Make sure to understand what the project owner brings to the table for their share. Without clarity there, it could turn into a lot of work for little to no pay. Always get everything in writing, just in case!
Related Questions
Biggest Problem With Suno AI Audio
How to Build a Custom GPT Journalist That Posts Directly to WordPress