Why I rejected 1M EUR investment?
▻https://hackernoon.com/why-i-rejected-1m-eur-investment-dca48fb46545?source=rss----3a8144eabfe3
Why I rejected 1M EUR investmentThe main and very old lesson: don’t start a #business with people you don’t #trust and know well.November 2014. I sold my 50% partnership in an online cosmetics company for 1000 EUR after I rejected 1M EUR investment in it.Why would you ask I rejected 1M EUR investment? Please read on to find out.2013. My friend Yan introduced me to 2 Israeli guys who were making excellent cosmetics. They were selling via partnerships in a few countries. They were eager to go online but didn’t have knowledge and expertise to make it happen.2014, February. We decided to join our forces to make a global company to sell cosmetics online. We split 50/50 and agreed that I do the main work. 2 other guys were bringing products and money.I launched on Amazon UK and our own web site in (...)