Quote:
Originally Posted by d7o1d1s0
obv np if you'd rather not, but could you explain how taking 50% of your own action works in practise? like do you eat half your MU out of your own $?
Yea nps. It's basically the same thing, but instead of my backer having 100% of my action, he only has 50%. So my cut is 70/30 in my favor, so I used to just get 70% of my overall profit whereas now I'll obviously keep 100% of the profit on my 50% piece and then in addition get 70% of my backers 50% (that sounds confusing). We can look at 2 examples.
Example A:
-Backer has 100% of my action
-I profit $100,000 total
-Since my deal is 70/30, I end up with $70,000 and he ends up with $30,000
Example B:
-Backer has 50% of my action, I own 50% of the actoin
-I profit $100,000 total
-I keep $50,000 for my 50%, and then get 70% of the other $50,000, or $35,000 making my piece of the profit $85,000 total and my backers $15,000
Should make sense with the examples, the written version above is confusing
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Gonna go take a quick nap, only got about 4 hrs of sleep last night so feeling pretty tired.
Up to 5.3 hrs on the day, have about 7 left to go when I come back from the ole nap
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