[Your Company Letterhead]

[Date]

[Recipient's Name]

[Recipient's Address]

[City, State, Zip]

Dear [Recipient's Name],

I hope this letter finds you well. We are excited to extend an invitation for you to join our team as a key member of the business development team for our new project, [Project Name]. Your expertise and experience in [relevant skills/industry] make you an ideal candidate for this role.

[Project Name] is an innovative venture with significant potential for growth and impact in [industry/sector]. As a member of our business development team, you will play a vital role in driving the project's success through your strategic insights, business acumen, and relationship-building skills.

Here are some key details about the role and the offer:

1. Role Overview: As a business development team member, you will be responsible for [brief description of responsibilities, such as identifying new opportunities, negotiating partnerships, etc.].

2. Equity Participation: In recognition of your contributions to the project's success, we are pleased to offer you [percentage]% equity in [Project Name]. This equity stake represents your ownership interest in the project and aligns your incentives with the long-term success of the venture.

3. Compensation: In addition to equity participation, you will receive [details of any additional compensation, such as salary, bonuses, etc.]. We are committed to ensuring that your contributions are valued and rewarded accordingly.

4. Commitment: We anticipate that your involvement in the project will require approximately [estimated time commitment] per [week/month/year]. We value your dedication and commitment to the project's goals and objectives.

5. Terms and Conditions: Your participation in the project will be subject to the terms and conditions outlined in the [Project Name] Participation Agreement, which we will provide for your review and signature.

We believe that your expertise, passion, and entrepreneurial spirit will make a significant difference in the success of [Project Name]. We are excited about the opportunity to collaborate with you and leverage your talents to achieve our shared goals.

Please let us know if you have any questions or if there are any additional details you would like to discuss. We look forward to your positive response and the opportunity to work together on this exciting venture.

Thank you for considering this opportunity.

Warm regards,

[Your Name]

[Your Position]

[Your Contact Information]