Approach for Equity

Someone reached out to me asking if I was interested in giving up equity of my business in exchange for what they can bring to the table in regards to sparking growth at a faster pace. The outreach came after a conversation they and I had in a casual social setting with mutual friends. Their approach is fairly straightforward: my company makes sure their costs + marketing expenses are covered and we split profits on the upside 60/40 in my favor. Based off of his perfomance with other companies, this seems very promising. Looking for thoughts and advice here 🤘