Would appreciate if experienced members could provide their opinion on an interesting proposal which I have recently received.
One of my friends is running a successful company(non IT) with a strong sales team. They are now planning to start something in IT/software space(not product development) but do not have the right skills and knowledge. They want me to lead the game with a 10% pie of total revenue, and they are happy to bear out all the necessary expenses(office cost, hiring or sub-contracting costs, day-to-day expenses, sales commission payouts[20%]) to run the show. They have huge ambitions and good know-how of local market.
Do you think it's a reasonable proposal? I am more keen to know if there is any alternative pie sharing model which I should propose.