Comments on: Cash For Your iPhone App: Why Not? http://upandrunning.bplans.com/2009/01/05/cash-for-your-iphone-app-why-not/ Start, Run, and Grow Your Business Fri, 17 Feb 2012 18:41:05 +0000 hourly 1 http://wordpress.org/?v=3.3 By: Tim Berry http://upandrunning.bplans.com/2009/01/05/cash-for-your-iphone-app-why-not/#comment-373 Tim Berry Wed, 14 Jan 2009 02:26:07 +0000 http://upandrunning.entrepreneur.com/?p=440#comment-373 Doug, yes, you are understanding my thoughts pretty well, but there is an amount variable that makes a difference. I certainly would not recommend an app builder take on a partner for an amount as small as $10-$25K. The reason is that the amount in that case isn't large enough to justify having a business partner. An investor should be a partner, and should be chosen as carefully as choosing a spouse. For larger amounts, amounts that the app developer can't raise and really needs, maybe the addition of a partner is necessary. Even then, it should be a decision to be weighed vary carefully. Compatibility is really important. As with a marriage, you have to live together -- in a business sense -- to make it work out. For smaller amounts, like $10K or so, the app builder is better off to scrimp a bit, and keep full ownership. God bless the child that's got its own. Tim Doug, yes, you are understanding my thoughts pretty well, but there is an amount variable that makes a difference. I certainly would not recommend an app builder take on a partner for an amount as small as $10-$25K. The reason is that the amount in that case isn’t large enough to justify having a business partner. An investor should be a partner, and should be chosen as carefully as choosing a spouse.

For larger amounts, amounts that the app developer can’t raise and really needs, maybe the addition of a partner is necessary. Even then, it should be a decision to be weighed vary carefully. Compatibility is really important. As with a marriage, you have to live together — in a business sense — to make it work out.

For smaller amounts, like $10K or so, the app builder is better off to scrimp a bit, and keep full ownership. God bless the child that’s got its own.

Tim

]]> By: doug montgomery http://upandrunning.bplans.com/2009/01/05/cash-for-your-iphone-app-why-not/#comment-372 doug montgomery Wed, 14 Jan 2009 01:54:06 +0000 http://upandrunning.entrepreneur.com/?p=440#comment-372 Wow, I wanted to get into the iPhone App business by providing funding to small developers (10k-25k) per project. But from the sound of your comments, you'd recommend an App builder not take the funding or partnering. Am I understanding your thoughts properly? It is clear the future is iPhone Apps. Wow, I wanted to get into the iPhone App business by providing funding to small developers (10k-25k) per project.

But from the sound of your comments, you’d recommend an App builder not take the funding or partnering. Am I understanding your thoughts properly?

It is clear the future is iPhone Apps.

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