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

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51–60 of 395 posts

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

#51
post #3

Earlier quoted context omitted.

If interested, drop me a line at hnproject2013@gmail.com If you have questions or HN-style critic on the structure/proposition, write below and help me build proposition version 1.1!

Interesting idea, but it sounds like you are just trying to have someone make a product for 8k which you can go and sell. Can you specify ways that you will be involved to justify the 50-50 split?

Isn't the $8k to build it enough to justify a 50-50 split? We're talking about ideas that would otherwise never see the light of day.

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

#53
post #40

Earlier quoted context omitted.

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.

.. Do you think that 5k he gives is going to be tax-free?

Do you think 4.5 months salary is a tax-free alternative?

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

#54

Sorry, but $6500 for 1/2 of your company seems like a raw deal at any stage. If your idea is even halfway decent, you should be able to do better than $13000 for your initial valuation. Protip: find real investors who are interested in giving you a fair price. This offer is basically equivalent to a payday advance or a loan shark in terms of cost.

Not sure why you got down-voted so much, it didn't seem like you were being ridiculous. Maybe people didn't like when you equated the OP with a loan shark? That said sometimes people need loan sharks.

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

#55
"At this point, I'll take over and spend an additional $3000 to acquire enough users/customers for us to evaluate the project's likelihood of success. We split the resulting company 50-50, as equal co-founders."

How does this scale. Presumably in Hacker X builds a product you like and you're able to find success with your $3000 and marketing efforts, how does the relationship move on. Presumably, you've now built a product dependent on both of you. Hacker X needs to build new features/scale and you need to ramp up your marketing efforts in equal measure. But you have products from Hacker Y and Hacker Z that you're currently working on, and Hacker A, Hacker B, and Hacker C's products are also financially viable. What happens now?

I suppose my issue is (from the hacker perspective) that for 50% equity, I expect some lasting relationship with the person handling the marketing of my product beyond wherever $3000 gets you.

For those jumping on OP for requiring 50%, remember it's an offer and you're free to explore other avenues. Nobody is holding a gun to your head. For many people, this is a pretty fair deal. It might not be for you, but I don't see how OP is taking advantage of anyone. He's significantly reducing risk for freelancers to work full-time on their own projects and that significant risk reduction comes with a price tag.

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

#56
While it might not be interesting for some people already working in a company (as you mentioned in the FAQ), it might very well be interesting for some students for example. Instead of an internship, they could work on their project for 2 months (or more) with your help. This is an amazing initiative. I study (in parallel of my own company) in a really good engineering school specialized in the field of computer science in France. If you would like to get some people there. While I am not directly interested, I could help you get some students there. Drop me a mail at arthurquerou [@] gmail.com if you are interested.

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

#58
post #36

I love this idea. I realize there are haters out there. I'll match this offer as well for anyone who is interested. Yes, it sounds like a bad deal for some people. But for a lot of people its a great way to: 1. not have to find work for a month, 2. work on something they're passionate about anyways, 3. have an idea of theirs that may not have otherwise seen light of day become a reality.

Can I suggest that this is turning into a HN Matchmaking service

Perhaps a little codification might be good:

* A Maker puts their idea onto HS with "MatchMake HN: " * Any interested Investor then replies * Maker chooses Investor (possibly publically) * A month later a "Show HN" is published.

I would be interested seeing everyone's results

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

#59

Financially I do not think this is a great deal. Emotionally its probably what many devs need. Accelerators, meetups, co-founders, all serve the same need. Believing that the idea has at least one person who believes in it, and prods you to move on. That said, this is probably a bad split - hmexx might be better to decide if he is an investor (early stage) or a co-founder -> if the latter then really its just one com…

Agreed about the co-founder vs. investor problem. I would suggest anyone who wants to take this offer up do their diligence on hmexx and find out what he's bringing to the table as a co-founder. If it's just $8k for half a company that you will have to split 50/50 for the rest of it's existence, be wary. If he's a co-founder, he should join in on the workload after the MVP is proven. I would also consider vesting for both of you, keeps things honest.

That being said, I think this idea does have the potential to be very interesting, and if circumstances were different I might even consider it.

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