Three days ago Peggy Armstrong sent a lengthy e-mail message to a long-time business acquaintance, asking the acquaintance if she’d consider cofounding a tutoring service with her. Peggy attached a first draft of her business plan. The acquaintance just replied to Peggy’s message and said that she’d be interested under three conditions. After reading the conditions, Peggy thought to herself, “Boy did I make the right decision approaching her. These conditions are tough but smart.” Speculate on what the conditions might have been.