141–150 of 395 posts
- match the offer with a better one, so all those that would take up the OP would flock to you instead
- build your MVP, keep 100% and then do your own marketing. $5000 for 50% difference but you get to do all the work.
Either one of those would be so much more effective than just berating the OP or warning others of this evil and greedy person.
This is very intriguing. A lot of people have objected to the 50-50 split. It does seem like a lot for the amount of money invested. To me, this depends on how much work the investor will put into it. Let me put it this way - if someone with money offered me 8K total for 50% of my side project, and that was it, I'd say no way. If someone with talent, motivation, and a remarkable ability to get things done offered me…
I posted above that I'm willing to match the offer. I don't think of this as an "investment" so much as me trying to kick start a relationship where I'm a cofounder.
As such, I'm interested specifically in ideas where I believe I can provide value that the other cofounder doesn't, so we both benefit. I expect it to be an ongoing pursuit where I continue to work on the company.
Buying half a company for 5k and then putting in 3k of advertising only to walk away would be the wrong move on my part and that's not the intention I have going into any transaction that may result from this.
By covering the basics for an entrepreneur they can work pressure free with total focus on the project.
I could build several projects in that time.
I think the difficulty in this deal comes after the first couple of months when you have to earn your normal wage and continue to build upon the first version.
If the investor is a good co-founder and committed to the idea and has the network and chops to make something happen for $3000, might be a good idea for some people. But... you want a co-founder who is committed, can point you to the right way to build the MVP so that you can actually acquire customers, has a network in and some knowledge of your vertical. Otherwise, you build an MVP, give up 50% for... not necessar…
Earlier quoted context omitted.
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
I'm now imagining building a marketplace site roughly like eLance/oDesk/whatever else, where the investor can put money in escrow and clients (freelancers) can "bid"--but it's the freelancers who are proposing the jobs in their entirety, not the investor.
http://en.wikipedia.org/wiki/Orteig_Prize
25,000 price meant that hundreds of people invested a total of 400,000 in pursuit of the prize. Pretty much gave birth to the modern aviation industry.
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
- You pay me $5K - I do the thing - In N months, I license the software to you for M months as payment for the $5L - You spend $3K and decide it's worth it - Formal agreement
Not bad at all.
My only reservation: how do I know that $3K + you = worthwhile for me? How do I know that you are good at acquiring customers?
This is actually my main problem (acquiring customers).