Proposition HN: I will pay $8000 for you to build your side-project/MVP • Hacker News Board

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#11

Post by natural219 » Thu, Jan 10, 2013, 4:33 PM UTC

I think this is a great idea, but you could possibly word it more effectively. If I read that last sentence right, you're looking to go into business (IE, cofound) a startup with a dedicated, resourceful developer, presumably on an idea that you yourself buy into.

Is this closer to what you're talking about than an angel/investment model?

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#12

Post by lighthazard » Thu, Jan 10, 2013, 4:35 PM UTC

shawndumas wrote: post #5

Why should someone do this instead of a KickStarter?

Kickstarter doesn't accept just any project. They're more crowd oriented whereas a regular investor would look more for business potential than anything else.

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#13

Post by hmexx » Thu, Jan 10, 2013, 4:35 PM UTC

tarr11 wrote: post #6

I can't seem to see any biography about you on your HN profile or this post. Are you planning on doing this anonymously?

No, but I prefer sharing my identity on a 1-on-1 basis during project discussions, rather than put it in the proposition.

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#14

Post by brudgers » Thu, Jan 10, 2013, 4:36 PM UTC

The deal amounts to $6500 dollars in exchange for 50% equity. The $3000 spent acquiring users/customers is to the benefit of both parties equally.

As the offer is written, the $3000 could be spent on AdWords and similar services.

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#15

Post by a3camero » Thu, Jan 10, 2013, 4:36 PM UTC

nkohari wrote: post #10

Wow. I'd rather go on fucking Shark Tank. If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50% equity, their idea is either terrible or they aren't committed to seeing it through.

Or they live in a second/third world country, or they're a student, or...

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#16

Post by samdunne » Thu, Jan 10, 2013, 4:39 PM UTC

Despite the naysayers I emailed you my idea. I think it's a great opportunity

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#17

Post by [deleted] » Thu, Jan 10, 2013, 4:40 PM UTC

[deleted]

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#18

Post by samdunne » Thu, Jan 10, 2013, 4:40 PM UTC

a3camero wrote: post #15

nkohari wrote: post #10

Wow. I'd rather go on fucking Shark Tank. If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50% equity, their idea is either terrible or they aren't committed to seeing it through.

Or they live in a second/third world country, or they're a student, or...

Exactly my thoughts

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#19

Post by danielweber » Thu, Jan 10, 2013, 4:41 PM UTC

a3camero wrote: post #15

nkohari wrote: post #10

Wow. I'd rather go on fucking Shark Tank. If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50% equity, their idea is either terrible or they aren't committed to seeing it through.

Or they live in a second/third world country, or they're a student, or...

$5000 to spend a month working on something you love isn't that bad for many places in the US, even.

I wouldn't take this deal, because stopping / starting employment isn't that easy for me, but I can see other people rationally taking it.

And if other people think he's underbidding, I would encourage them to bid him up.

Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP

#20

Post by klibertp » Thu, Jan 10, 2013, 4:41 PM UTC

a3camero wrote: post #15

nkohari wrote: post #10

Wow. I'd rather go on fucking Shark Tank. If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50% equity, their idea is either terrible or they aren't committed to seeing it through.

Or they live in a second/third world country, or they're a student, or...

Just to put this in perspective, I live in a Central European country, part of EU, I earn almost 2x national average and I have to work about 4.5 months to get that kind of money.