"FREE" is NOT always GOOD

In This Episode: * You need to understand your cost structure. * Other incubators are not really free. Someone is paying and it's usually from tax dollars. * If the product is developed for free, you have no idea of future costs. * Where is the shared risk? * Most people who reach out expect everything to be free. * Nothing is ever really "free". * Our knowledge and work have value. * It's not a business model to expect everything for free. * Our job is to help you take your product idea to market. * Our culture of team is about always pushing each other to be better. * I'm always happy to kick ideas around with people. * You should pay for the skills and values people bring to the table. * Business Relationships vs. Business Transactions. * We want people who are fully committed to the process. * You should not want the "free" model as a business owner. * The value of your business at idea stage is zero. * Building out a team is a different discussion. * Your product will take years to bring to market and that is a long runway. * I don't give up equity to cover expenses. Eventually you would run out of equity. * At idea stage you only have an unvalidated product idea. * Building a core team. * We are a commercial shop and taking equity only is not a viable option. * There are no guarantees. We frequently jump into the risk pool. * Don't come here if you want free. * Do your research on actual costs involved and have a proper budget to move forward. * I can tell you every dollar I put into my business. * How can you give equity when you don't have a proper valuation? * Eggs and Fun Dip. Sponsor this podcast at chrisjonesmedia.com