15/05/2020
What should we do when the world changes and we
are forced to take a break? THINK
What happens when you think? YOU CREATE IDEAS
Ideas can change the world… but only if they are heard.
Luckily, we live in a country with the best government support for commercial startup ideas in the world. This Early Stage Innovation Company (ESIC) support means that taxpaying family and friends can;
• give you a MVP budget by passing on their tax offsets;
• participate in the growth phase of your startup if they want to; and
• have the option to sell their shares if they are no longer
excited by your MVP progress.
Details: This is a win/win outcome for early stage startups. Venture capital can’t even see you yet.
As a startup Founder, you get:
1. an MVP budget to cover costs and pay yourself;
2. a marketing budget for the growth phase if you prove your concept; and
3. to give away less shares in your company because investors will value both the tax benefits and the shares that they get.
Your friends and family supporters get:
1. the upside potential of a great idea;
2. protection if the idea doesn’t work out; and
3. a worry free chance to help you.
