Generally speaking, technology (including management skills) can only account for 30% of performance shares at most, and the project is your own. This piece can only account for 30% of performance shares at most, so you can account for 60% of performance shares without taking a penny. The remaining shares can only be distributed in proportion to the remaining 40%. This is true in theory, but the reality is that, first, your partner may not understand the technology and the proportion of project participation at all, and second, even if he knows something, you can't account for at most 30% of each item. Moreover, everyone wants to maximize the benefits. You think you have a project and management, but they will think that they paid the full amount and you didn't take a penny, and each will think that "I" is the key. Especially with friends, this is more difficult. Of course, you can find angel funds, but projects that may be cheated may not get too many shares. The angel fund itself is also profitable by squeezing entrepreneurs.

The best way is for you to collect information and have a frank talk with investors to see how many performance shares they can give you in terms of technology and projects.

Of course, if the other party really can't meet your requirements, you are engaged in project and management anyway. You can sign a three-year cooperation agreement first. When you have the capital, you can start all over again later. After all, money is easy to find, projects and experience are hard to find, and the initiative is ultimately on your side.

Is this ok?