typical lottery : many will answer for very few $ spent :-)
Proposition HN: I will pay $8000 for you to build your side-project/MVP
341–350 of 395 posts
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#342Earlier quoted context omitted.
So you've alienated all your early adopter customers by saying you have a product but you don't have anything.
Potentially yes, but not likely in my opinion (and in the opinion of people I talk with) and the fact is that most do it, usually they do it when they actually start building it, but we all know that many even big companies, sell first, develop later. Those who develop first and hope they'll find a market, sometimes just end up with a great piece of code with no way to make money out of it.
sell first develop later is a sound strategy, especially if you are building a product/service for enterprise. Sometimes you can even get a prospect to finance the development process. However, i don't really see how you can do the same thing if building a b2c product - except through a kickstarter campaign.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#343Hi hmexx - sounds like a great idea - like a mini MVP incubator!
2 things:
1. could you at least say where you are based, I take it the US if you are offering $
2. after all the dust has settled would you be so kind as to repost and say how many applicants you got (perhaps broken down by idea sector) as I'm sure lots of people here would find this info useful/interesting
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#344Earlier quoted context omitted.
You might consider that "building the product" is not really "most of the work" here. There are three things: - Product - A Market for said product (solving a problem for a customer who has money) - Getting your Product to that Market and convincing customers you solved their problem In reality, you are probably doing about 33% of the hard stuff (and the other 66% is hard too, making sure you have the correct MVP and…
You must not have read the rest of my comments... That said, reducing risk isn't what hmexx is doing. Since the risk of quitting your job and starting on your own product is failure to create a good enough product and NOT have a job to go back to. He's not made any warranties about you being able to resume your previous job (nor could he, or should he.) Again, look at my other comments, where I plainly state this is…
>Since the risk of quitting your job and starting on your own product
Software developers who don't intend to go into management should not be permanent employees. You should be working as a contractor so you don't have to worry about things like this. As a contractor, you don't get paid for days you don't work so no one cares as much when you're gone (so long as it's not negatively impacting a project). I usually take 8-10 weeks off per year, so taking advantage of this offer would be easy for me and have no impact on my "day" job.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#345Earlier quoted context omitted.
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?
You're getting paid $25/hr, a $52,000 salary if the job were to last a year. Maybe not Silicon Valley money, but good money for anyone who can even begin to consider this deal. More money than I make in a year. That's good enough. The 50% is icing on the cake. He's hiring a programmer, and paying you to stay on as technical co-founder.
>He's hiring a programmer, and paying you to stay on as technical co-founder.
Nonsense. He's doing an angel investment and taking 50%. That still might be attractive since he does more than just an angel investment but don't pretend he's doing anyone a favor, this is for his own benefit as well as the potential partner.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#346Hmexx, I'm so late to the game responding here...but I like this idea a lot....From the investor side. I am in a similar boat as you, maybe we can pool resources up the ante and invest in several mvps. Let me know.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#347Earlier quoted context omitted.
> This is strictly a better offer than the OP's Is it available to everyone, though?
Yes, anyone will be able to use the project for free and modify the code under a BSD license. Thus anyone can build a business off it if they choose. That is the risk I am taking. It is mitigated by the fact that the firm I am working with and I will be the ones most familiar with the code and free usage of this project will simply validate the idea. Edit: or do you mean the offer? If so, then no, currently just to m…
I meant the offer. It does sound better, but there are lots of better offers out there, this one has lower barriers to entry though. I see it less as the route to go if you are an entrepreneur and more a good way of giving people the kick up the pants they need to start their journey.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#348Can't edit the main article anymore, but here's a rally-point for future updates:
http://hnproposition.blogspot.co.uk/
Been emailed to everyone who contacted me. Hopefully has not hit too many spam boxes.
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#349Startups are becoming a commodity. Am I alone seeing this?
Re: Proposition HN: I will pay $8000 for you to build your side-project/MVP
#350It's funny, because developers do this sort of thing all the time for much less equity. Startup: Hey, come work here for below market salary for 5% that vests over 4 years Dev: Sounds rad! This guy: Hey, work on your own project for 50%, and you only have to work on is the MVP for a month, and I'll pay you sort of crappy but probably better than other people in other fields. HN Devs: You. fucking. bastard.
Also - Startup: And you're going to be working on our project, with the documents and design we came up with. Dev: Great! This guy: Work on your own idea! Have your own dream! I'll just put in the money and experience to make the business a success. HN Devs: You're not offering enough to have a 50% share in the company that wouldn't exist without you!
> I'll just put in the money and experience
What experience?, I don't know who this guy is!.