I live in a town of about 30,000 people. There is a new startup that began somewhere around June of this year. They provide delivery services (think Uber Eats, but they are also expanding into grocery delivery). This is the first of its kind for our area and it seems to really be taking off. I am seeing their vehicles everywhere and the owner seems to have the kind of ambition needed to really do well with this company.
I saw a recent newspaper article where they stated that they needed investment to help them expand. First and foremost with a custom mobile app (right now its all done through Facebook Messenger), and then eventually more vehicles as they expand to other areas (none of which have any Uber Eats style delivery services). I've never invested in a startup before, but as a business owner myself, I see the kind of attitude and ambition in this guy that makes me want to get involved.
So... What are normal terms like in this situation? I dont want any involvement other than to finance some investment funds, and hopefully see a return down the road. ANY insight would be appreciated.
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