Hello all,
Nice site nice people...
Good timing, finding it too! I am currently involved with an up and coming UK streetwear brand which have a great back and new catalogue of T designs.
The owners of the brand which has been running for over 3 years (so still in its infancy) have been approached by an 'agent' and 'a proven successful major marketing/sales man' who are interested in the brand and what it has to offer.
The dilemma- They want to invest time and money into taking the brand to its 'next' level and have made various offers but all resulting in the owners giving up over 60% of the company. This would leave the owners with out control of the company but in control of the patent and creative direction.
What should they do, what sort of financial or other investment should they be looking for, is 60% too much or usual in this industry?
Any advice or ideas would be greatly appreciated.
Thanking you.
Nice site nice people...
Good timing, finding it too! I am currently involved with an up and coming UK streetwear brand which have a great back and new catalogue of T designs.
The owners of the brand which has been running for over 3 years (so still in its infancy) have been approached by an 'agent' and 'a proven successful major marketing/sales man' who are interested in the brand and what it has to offer.
The dilemma- They want to invest time and money into taking the brand to its 'next' level and have made various offers but all resulting in the owners giving up over 60% of the company. This would leave the owners with out control of the company but in control of the patent and creative direction.
What should they do, what sort of financial or other investment should they be looking for, is 60% too much or usual in this industry?
Any advice or ideas would be greatly appreciated.
Thanking you.