They want to know if you really have "skin in the game". Just say "that's not a risk I can take, but I have worked X weeks on it for free, and will be on a low salary during the first year or so, and I have had other options - I'm committed".
> why you're better, what if somebody (startup/big guy) copy your idea with less price, why cant i pay somebody to do it (outsource)
Talk about your competitive advantages. I don't know them, and can't give you any non-cliche answers. This is the time for boasting.
If it's a new market, you can point out that scrappy tech companies that "lose" the land grab can be attractive acquisition targets. Would you rather integrate Yahoo! or LinkedIN into your existing business?
If it's an old market, it's got proven fundamentals, and new entrants will probably be deterred by the existing competition.
They want to know if you really have "skin in the game". Just say "that's not a risk I can take, but I have worked X weeks on it for free, and will be on a low salary during the first year or so, and I have had other options - I'm committed".
> why you're better, what if somebody (startup/big guy) copy your idea with less price, why cant i pay somebody to do it (outsource)
Talk about your competitive advantages. I don't know them, and can't give you any non-cliche answers. This is the time for boasting.
If it's a new market, you can point out that scrappy tech companies that "lose" the land grab can be attractive acquisition targets. Would you rather integrate Yahoo! or LinkedIN into your existing business?
If it's an old market, it's got proven fundamentals, and new entrants will probably be deterred by the existing competition.