As a contractor, I’m often approached by startup founders (or founders-to-be). They’re looking to reach some kind of partnership deal, where I would do backend development work without charging any money. As a wantrepreneur, I’m sometimes approached to fund some sort of startup. When, or rather, if the startup becomes profitable, I would get a cut of the profits.
I’ve learned some important lessons in the past 10 years. These help me deal with new partnership proposals without getting carried away, and steer some of friends and colleagues away from lucrative business proposals.