START UP VC FUNDING

Entrepreneurs
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Hi,

We are a startup Food business that’s never been involved in any equity deals or backing before. I was hoping someone on /r/entrepreneur can offer us advice.

Background: food distribution a vc fund has offered to back us and fund us however I’m not sure how to approach it.

Do we ask for shares ? or do we ask for X % of revenue yearly / Quarter and if so what is a fair number ? they will be funding it 100%.

since this is completely new we have done 0 sales to date and in the speculative / idea phase.

submitted by /u/masterburn123
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