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We split the resulting company 50-50, as equal co-founders. - you must be trolling?) How would you like to become equal to the years of thinking and trying by just throwing some money?
I applaud the proposal. I'd love to hear about a follow up post in the near future.
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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!
I'd take you up on the offer, but for a couple things. Maybe it just means this isn't for me. 1 - That 50 - 50 split is a killer when I'm doing most of the work. 2 - You talk about taking a month or two and full time working on this project until completion. Trust me when I say I'd love to do that, the issue is I can't just go jump back into the same job as if I didn't ditch everyone here for two months. Like I said…
For a product that can be built in 2 months (per the guidance here), it is going to take much more time to develop the sales and marketing and acquire enough customers to make it profitable.
I think this underscores why this may be a great deal for a (young?) developer with limited business experience. I learned a lot of hard lessons like this once I stepped away from an editor.
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.
I like the ambition (of disrupting the funding process) but, in all honesty, to me this sounds like "I just need an idea guy" (as opposed to "I just need a programmer").
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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.
I guess what I'm trying to say is it REALLY depends on the person. This isn't for everyone.
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…
My guess (above) is that HN is the ideal place for investor / 'prenuer matchmaking. Whether pg will let it be I cannot tell you. But it should beat AngelList just because.