So few weeks ago I posted that I wanted help regarding my idea and how do I approach investors, so you guys suggested me to talk to and create connections that could help.
I am still in the "idea phase" of my startup and I've been talking to people and seeing their response on how they feel about the product, so I happened to text a potential small investor and a startup mentor ( connected to him through linkedin ) yesterday, he told me a lot of things and the way he could help me, we were on a call for half an hour, he was getting to know the product and how he can help.
He told me that he could bring a lot of technical, non-technical people, he could get help from various industries and he has other connections as well.
After all this, at the end he tells me I can't help you in the running but I can bring a lot of inputs and contacts and hence I can become a founding member of the team.
I don't understand what should I do now? I have multiple such calls lined up, so should I talk to them? And when he says he wants to become a founding member, I suppose he'll be asking for equity?
I don't know what to do, he has asked me to give him a report by weekend on how we plan to advance further and etc.
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