In my experience, this is rarely worthwhile as 99% of startups don't even get funded, and without an anti-dilution guarantee (which requires an irrevocable modification to the by-laws of the company, and is STILL not a guarantee), you're unlikely to see anything from the venture.
What I would suggest is convertible equity. Take the stock, but get in writing that if the stock isn't worth X by date Y, you have the right (but not the duty) to convert it to debt, payable upon presentation, with a 1.5% per month interest rate if not paid immediately.
You're still unlikely to see a dime, but at least you can sell the debt to a collection company if things get bad.
How ironic is it that a major phone company in a country that won't let its people browse the REAL web, or interact with people outside its borders without spying on and filtering them, chooses a WEB BASED OS for its phones.
Thanks. I've played with Flask a bit but haven't really gotten into anything too intense. That is a good idea to see if Flask can take care of me for an initial prototype/alpha level release. I guess I jumped straight to Django thinking I had a complex problem and needed a full-featured solution. I'll give Flask a second look.
They own "a" right, not "the rights". At any rate, it means that they can implement any submitted idea without compensation or award to any person.
The idiocy with this agreement is that it says "fully paid", and without any renumeration actually getting paid to you, that test fails. Irrespective of that idiocy, even if "fully paid" is struck, it's irrevocable, so you could find yourself losing AND in a lawsuit with Nissan over the priority of rights, yours versus theirs.
You are correct in your first sentence, I am not a lawyer but interpreted the agreement as they are able to use/sell your idea or any modification of your idea while you still technically own your idea.
You can't guarantee a reply unless you FORCE him to read it and lock his inbox until he replies. Who would be stupid enough to run THAT software?
LinkedIn has a feature called InMail, that allows you to connect directly with people like Paul Graham, but does not guarantee a response. I've had some success with it, but it does heavily rely on your own ability to craft a cogent message.
Wow. I never expected something like THIS to happen. This has potential implications to PostgreSQL and any other technologies that the Regents have licensed under open source.
Users of PostgreSQL (I am one) should ensure that rights under its license have not been impacted by Eolas or any other entity that may have acquired or be acting as a Trustee for the patent(s) in place.
What I would suggest is convertible equity. Take the stock, but get in writing that if the stock isn't worth X by date Y, you have the right (but not the duty) to convert it to debt, payable upon presentation, with a 1.5% per month interest rate if not paid immediately.
You're still unlikely to see a dime, but at least you can sell the debt to a collection company if things get bad.