It might sound ridiculous, but this has happened to me.
I recently met a non-technical GP doctor, who is interested in finding a programmer for his ideas. He is an offical General Practitioner doctor, and is a rich man.
He wants to sell GP doctor examination materials, required for anyone who wants to become a doctor. He also wants to establish a community for GP doctors and sell advertisements for GP doctors. It'll be a website and mobile apps, potentially a web app.
- No funding, no business plan, no marketing plan
- He won't prove to me why his idea would work.
- He "thinks" it'll work but there's no statistics and data.
- He claims it would work, but he doesn't want to prove it because he thinks I'm an outsider and thus won't understand the industry.
- No business formed. It's just a verbal agreement.
- No contract, no payment
- I am expected to work for myself until it's timing for starting a new business
- I am expected be responsible for all technical works
- I am expected to come up with my own way to add value for the business
- No timing and expectation of the next stage
- He promises if everything goes well, he will have many more new ideas and project with equity only
- He wants me to prove what I can do for him
- He thinks I will be a millionaire by working with him for equity
He will consider to establish a business with me later if our relationship is stable and reliable. No timing and no criteria of what defines a "working" relationship.
I feel his tone is bossy and uncomfortable. I have a feeling that:
- He thinks his idea is the next "big" thing
- He is very proud of his ideas and often repeat how many ideas he has.
- He likes giving me lessons, he doesn't believe 1-1 status between a doctor and a programmer
- He said he is very worried I would steal his idea
- He doesn't respect a programmer, and like to compare myself (an Australian) with a cheap Indian contractor.
He wants me to think what I want to do and how I should contribute to his ideas. I think I will give him a response. What questions should I ask him? How should I evaluate this proposal given that I'm not a doctor? What are the nicest words to say if I want to reject him?
When I asked him for a written agreement, he instantly refused. He questioned me if the deal went well, there wouldn't be any reason for him to look a new developer. I responded that he could simply kick me away, pay someone else in cash and take 100% equity. He replied he wouldn't do that. How should I respond?