There is a product I love/have loved for about two years. I have seen the founders truly hustle (something I don't have, don't hate me) and they impress me w/ their grit and positivity for what is truly a brilliant product that checks allll the boxes of a great product (fast-growing category, stellar packaging, sustainable practices, WOC-owned, easily fits alongside competitors/would not need tweaking other than SKUs).
I have experience raising money for a start-up (wore a lot of hats; worked between engineers/creatives to ensure everyone's on the same page) and have a few contacts in terms of getting the product SKUs/shelf-ready.
I have talked to the founders loosely/casually, mostly asking how much $ they need to go back to a D2C model they once had, etc. The number is not massive, I would be able to front this and I know I'd get my money back (also not in a mad rush to get it back). The founders have a lawyer, I do not.
How do I safely invest in this company? They are two people. I believe they both have day jobs. They are profitable but they are a VERY small operation. I would wager they net <500K/year which I am 100% OK with.
Do I ask them to discuss a contract w/ their attorney? Should I have an attorney that creates the contract for this?
Apologies to mods if this is the ttly wrong place for this.
[link] [comments]
