It’s a bold move. I like it, but I’m alarmed at how many people are acting like $3k isn’t worth taking. If I wasn’t solidly anchored on the east coast (Jacksonville, FL) I’d be taking a serious look at this, since it would give me about a 30% better chance at bootstrapping and avoiding taking on funding or other debt to build something cool.
If someone is serious about starting a company, betting the success or failure of that company on an entirely new piece of technology (unless it’s critical for the product) in exchange for $3K/month doesn’t sound compelling.
Maybe not, but it would at least give me pause long enough to evaluate.