4 ms·

New Type of Early Stage Investment Firm

18 points by breily 18y ago

yankees1 18y ago
I think I might give this a shot. I recently posted looking for a developer to work with as a co-founder and only had one bite. I'm going down the outsourcing route with one idea right now. I'm also trying to teach myself Ruby as I type this entry. I've seen lots of complaints here from developers dealing with douchebag MBAs. I'd like to find some developers with some balls to invest their time without putting cash in their hands.
- david927 18y ago
  Outsourcing is your best shot, in my opinion. It's what I do, even though I'm a developer myself. I just don't have the time. It only takes a few thousand and you can have any app developed. The technical decisions are critical. I wouldn't trust someone else, such as this company, to make those decisions for me.
jsomers 18y ago
Seems like a formula for (a) half-assery on the part of developers working on someone else's baby, and (b) incessant nagging from the "idea guys" who can neither communicate their feature requests nor understand their implications. In short, a hip "seed" version of the company where Dilbert worked.
- yankees1 18y ago
  i'm looking for some information here...how do you not be an "idea guy" if you have ideas? I have detailed business requirements, well thought out mockups, use cases, I listen well, "stay out of the kitchen", what else?
  - ericb 18y ago
    I'd say contribute in as many other capacities as possible, like sales, accounting, PR, business dev, etc. Make the final vision a shared one, and don't consider "the idea" to be what entitles you to the fruits of the business.
- bigbang 18y ago
  Well, they would choose the idea only if they like it, so imo its not that bad. I mean you pitch your idea to somebody, if they like it, they are in (pretty much like finding a co-founder), not sure if they have any say in features?
danielha 18y ago
Wtf, their tagline is "apps for equity." So sketch
meredydd 18y ago
I have to say, I'm fairly sanguine. I mean, the worst it can do is not make much money, right? And whether it succeeds or fails, it will provide a real-world test of those assertions that ideas really are worthless, rather than just highly illiquid assets. I think they have at least a decent chance - provided that the tech guys get a sufficient proportion of the equity they take that they have skin in the game. I watch with interest.

18 points by breily 18y ago

I think I might give this a shot. I recently posted looking for a developer to work with as a co-founder and only had one bite. I'm going down the outsourcing route with one idea right now. I'm also trying to teach myself Ruby as I type this entry. I've seen lots of complaints here from developers dealing with douchebag MBAs. I'd like to find some developers with some balls to invest their time without putting cash in their hands.

david927 18y ago
Outsourcing is your best shot, in my opinion. It's what I do, even though I'm a developer myself. I just don't have the time. It only takes a few thousand and you can have any app developed. The technical decisions are critical. I wouldn't trust someone else, such as this company, to make those decisions for me.

jsomers 18y ago

Seems like a formula for (a) half-assery on the part of developers working on someone else's baby, and (b) incessant nagging from the "idea guys" who can neither communicate their feature requests nor understand their implications. In short, a hip "seed" version of the company where Dilbert worked.

yankees1 18y ago
i'm looking for some information here...how do you not be an "idea guy" if you have ideas? I have detailed business requirements, well thought out mockups, use cases, I listen well, "stay out of the kitchen", what else?
- ericb 18y ago
  I'd say contribute in as many other capacities as possible, like sales, accounting, PR, business dev, etc. Make the final vision a shared one, and don't consider "the idea" to be what entitles you to the fruits of the business.
bigbang 18y ago
Well, they would choose the idea only if they like it, so imo its not that bad. I mean you pitch your idea to somebody, if they like it, they are in (pretty much like finding a co-founder), not sure if they have any say in features?

danielha 18y ago

Wtf, their tagline is "apps for equity." So sketch

meredydd 18y ago

I have to say, I'm fairly sanguine. I mean, the worst it can do is not make much money, right? And whether it succeeds or fails, it will provide a real-world test of those assertions that ideas really are worthless, rather than just highly illiquid assets. I think they have at least a decent chance - provided that the tech guys get a sufficient proportion of the equity they take that they have skin in the game. I watch with interest.