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Guide5 min readUpdated this week

Apply to a partnership listing

A partnership listing offers a stake in a business to someone who will run it. Anyone can read one in full. Applying is lighter than an offer: a short pitch and no terms. The terms come after the owner accepts and you have seen the books.

What a partnership listing states

Every partnership listing states the equity on offer and the buy-in in dollars, split between cash at close and sweat that vests while you run the business, with a vesting term wherever there is sweat. A listing may also describe the role: what you would run, the time it takes, and the owner’s role afterwards.

All cashThe whole buy-in is paid at close. Nothing vests.
Cash and sweatPart is paid at close and the rest vests over the vesting term, with a cliff where the listing sets one.
All sweatNo money changes hands. You earn the whole stake by running the business, so the cliff is the only protection either side has.

Reading one

A partnership listing reads in full without an account: the terms, the role and the financials. The listing’s financial documents open once the owner accepts your application. Saving a listing to come back to needs an account and nothing else.

The pitch

Applying asks for one thing: a pitch of up to 1,200 characters on why you are the person to run this business. An application carries no terms. Write about the business in front of you: what you would change in the first year, and what you have run that looks like it.

Applying needs the operator badge

Your badge and capital band go with every application. If the band is below the listing’s buy-in you can still apply.

What the owner sees

Your verified profile, with your badge and capital band, and your pitch, on the listing’s applicants page. On the attestation, the owner sees only that Revanu holds it, and its date. Never your documents.

The owner decides

While the owner reads it, your application shows Owner reviewing. The owner accepts or declines, and you are told either way. A decline carries no reason, and there is no second application to that listing.

Accepting opens the listing’s financial documents to you and a conversation with the owner. The owner then sends the first version of the terms.

Withdrawing

You can withdraw an application until the owner decides. Withdrawing closes it for good, and you can apply to the same listing again later as a new application.

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