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Old 04-22-2017, 03:43 PM
 
125 posts, read 95,351 times
Reputation: 30

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Hi, I have question, when it comes to partnership between two people one is the investor and the other one has the knowledge how does that work?

Scenario:

Online Marketing / Social Media Business

Partner #1: Has the money, doesnt have the knowledge
Partner #2: Has the knowledge has been a freelancer for many years, expert in marketing and social media has no money to invest

Thanks
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Old 04-22-2017, 04:16 PM
 
6,964 posts, read 3,149,963 times
Reputation: 21114
First, I wouldn't invest in any business I didn't understand, unless the other person had a serious track record of rainmaking.

Second, the freelancer partner needs to really be clear on what he'll do with the money.
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Old 04-22-2017, 08:59 PM
 
5,146 posts, read 3,427,044 times
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Partnerships don't work most of the time. One person always feels like they're contributing more.
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Old 04-23-2017, 12:05 AM
 
Location: Pac. NW
2,215 posts, read 1,724,785 times
Reputation: 4007
It means the guy with the knowledge is looking for an investor to take for a ride.
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Old 04-23-2017, 09:28 AM
 
Location: USA
185 posts, read 106,751 times
Reputation: 369
Quote:
Originally Posted by 0512ny View Post
Hi, I have question, when it comes to partnership between two people one is the investor and the other one has the knowledge how does that work?

Scenario:

Online Marketing / Social Media Business

Partner #1: Has the money, doesnt have the knowledge
Partner #2: Has the knowledge has been a freelancer for many years, expert in marketing and social media has no money to invest

Thanks

The highlighted bold says it all. No money = No expertise.
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Old 04-25-2017, 03:06 AM
 
70 posts, read 50,814 times
Reputation: 106
Quote:
Originally Posted by SE1SG View Post
The highlighted bold says it all. No money = No expertise.
That's absurd. I know dozens, maybe a hundred experts in various fields who don't have business start-up capitol lying around.

Furthermore, I know EASILY a hundred cash-rich people who are not experts in a single thing.
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Old 04-25-2017, 07:03 AM
 
Location: The Triad (NC)
30,316 posts, read 66,931,816 times
Reputation: 35897
Quote:
Originally Posted by 0512ny View Post
when it comes to partnership between two people one is the investor
and the other one has the knowledge ...how does that work?
It works the way the money partner wants it to.
Well, 99% of the time it will.

If the "knowledge" is really unique and securely locked up (patented etc)...
then they will be able to leverage for more benefit and might even do so.
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Old 04-26-2017, 08:22 PM
 
4,665 posts, read 2,936,778 times
Reputation: 3392
Quote:
Originally Posted by 59LP View Post
That's absurd. I know dozens, maybe a hundred experts in various fields who don't have business start-up capitol lying around.

Furthermore, I know EASILY a hundred cash-rich people who are not experts in a single thing.
I completely agree with you, the OPs question is about a very common type of partnership, albeit very risky partnership for the investor.

Typically the investor will get a larger percentage of the business ownership due to a much higher risk, or find other ways he can offset his risk.

I personally stay away from partnerships of all kinds. They often end in unpleasant disputes, even if the business is successful. You need a really well thought out business plan and a good attorney. I own 5% of a company, but it was given to me for so many number years of work. I get a little check from them once a year even though I haven't worked there for about 4 years.
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