I have a pre-revenue startup, valued around 2M (self assessed valuation).

An investor (that already has his own company in the field) wants to buy the 51% of the startup, but i don’t think this is good for me.

I cannot withstand two jobs so i actually want this to go on. The startup won’t live without me as a Cto (i am the cto) because of the particular knowhow and history. The other members will keep having two jobs, for me is just impossible…

He still didn’t come with a valuation, but he said that want to delay the payments in the next months… he also wants us to help him with his current company, becoming its r&d department and make our business as startup.

I asked if i will be hired by his company, but he told me that he will just invest in the startup and what we do with the money is up to us… but of course if i am hired by my startup, lots of cash flow will be negative just for my salary and i cannot afford to be unpaid.

What should i do? How can i have better conditions? What should i look at? I know maybe you will need other details, please ask.

Thank you for answers