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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!
Email sent. For the record, I think this is a great idea.
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.
Correct. Thought I'd confirm this response so there is no confusion as to what I am offering. The $8000 in the title is not 100% accurate.
An open question is: how active of a partner would you be once the business (hopefully) becomes a real/profitable business? Are you offering to be a full active partner in running the successful businesses that you seed with this offer? If so, then your offer sounds like a good deal for developers.
Anyway, great idea!
To all the naysayers: I take it that you all have finished your ideas, went through YC and are accomplished millionaires? If not, what's with the negative attitude? Here's someone OFFERING you money for your project, and OFERING to do all the hustling for you. You underestimate how much work and trouble hustling is...
Thank you for this opportunity, and you can expect my email later today!
Of course, I assume the OP will be vetting the ideas through some kind of idea rubric, so he has some idea of market validity and isn't pushing forward some technology blindly.
This discussion is awesome! I would never have believed such a simple conjecture could provide so much illumination around the myths and realities of startups. First, its a great deal, both for hmexx and folks who take him up on it. Frankly I think it could be revolutionary. My reasoning is as follows; Many "products" over the last couple of years have been fairly straight forward web "apps" built on top of existing…
If this were a book deal, the author would be assigning copyright to a company in exchange for an advance and a non-controlling share in that company. And that company's business plan is premised upon the dilution of the author's equity.
Once there's dilution, the author remains with the company at the pleasure of a guy he met on the internet and some other investors. They may be swell people, they not. Likewise with the the author.
Yes, the value is probably zero. But in this scenario, the possibility of an upside is not just dependent upon the product's success but also upon their being some lucky alignment between his financial interests and those of the other shareholders - and they are likely to have multiple intermingled financial arrangements.
This discussion is awesome! I would never have believed such a simple conjecture could provide so much illumination around the myths and realities of startups. First, its a great deal, both for hmexx and folks who take him up on it. Frankly I think it could be revolutionary. My reasoning is as follows; Many "products" over the last couple of years have been fairly straight forward web "apps" built on top of existing…
This way you risk only $3000 (or less) instead of $8000, and the developer will be much more motivated to build it knowing it's already an idea with a real potential market.
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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
There is a startup doing exactly that (crowd-sourced investments), can't remember the name. If I'm not mistaken the US law wouldn't allow that until very recently, even still the legal details aren't clear yet. AngelList also serves that purpose.