5 ms·

This doesn’t answer my question. How do you find people “who have more money and higher expectations, and highly value efficiency”? > “Don't talk to your local

This doesn’t answer my question. How do you find people “who have more money and higher expectations, and highly value efficiency”? > “Don't talk to your local barber who wants a website to show up on google maps.” The specific case I was referring to was a series seed funded startup that needed to build an MVP. Even for them $10,000 was too much. They ended up finding someone for half that to build their entire V1. This was maybe 5 years ago. They’ve since rebuilt everything in house and are doing very well now.

lumost 4y ago
A tech seed round can easily be 7 figures these days. A new initiative at a non-tech fortune 50 could start in 8 figures. Hiring someone at 10k per week who can kickstart the project to working production system isn't a bad deal at these budgets.
- Dig1t 4y ago
  Wait wait, is it really possible to get that big of a seed round WITHOUT an MVP??
  - rco8786 4y ago
    Not now. It probably was from 2018-2021. Probably will be again at some point. But don’t take that to mean you can just walk in and ask for money. People still want to know who they’re investing in. Prior track record is key.
    - lumost 4y ago
      In B2B it may be quite sufficient that someone has a track record in the industry + good customer contacts/buyers. Why wait for an MVP if the MVP doesn't seem like the risky part?
    - flappyeagle 4y ago
      Yes now. Series A is harder to raise but 2M seed rounds are still happening. 1M seems pretty standard now.
      - rco8786 4y ago
        2M seed without an MVP would be incredibly difficult right now. Certainly not impossible. But way, way harder than it was 12 months ago
wcarss 4y ago
Your last point there is the stinger: they rebuilt everything themselves after going cheaper to start. So: they had the money, and they had cause to spend it, but they chose not pay you for your service, and as a result they likely paid more in the long run. It is a (admittedly pretty tough!) sales task, but it is the task: you had to convince them that $10k was worth it for you. Once they have 3+ programmers working full time, they'll be spending _at least_ $15k every single week on their site/app -- likely way more. Save them even a single near-future month of crap-rewriting, "switching frameworks", infrastructure headaches, "one-click signup", getting their shaky foundations sorted out, etc., and it's a very clear win. I've seen founder and first contractor tech debt that was really hurting the business take _a year_ to clear out, because once the business is running at all, you can't just swap out the engine. Heck, I've seen it take 5 years! Making the right choice today can really change their whole outcome, from struggling or closing to thriving -- and a bad contractor is not the right choice. (etc...) You have to show them: your rate is just a demonstration of your value. If they pick you, they're gonna be laughing all the way to the bank.
- cronix 4y ago
  > So: they had the money, and they had cause to spend it, but they chose not pay you for your service, and as a result they likely paid more in the long run. That's one possibility. Another, and one that I think is more common with startups (majority are people using their own savings and family/friends, not raising millions from seed rounds) is that they really didn't have that much money up front, but paying a cheaper way allowed them to minimally get a product out the door until they had enough revenue to "do it right."

lumost 4y ago

A tech seed round can easily be 7 figures these days. A new initiative at a non-tech fortune 50 could start in 8 figures. Hiring someone at 10k per week who can kickstart the project to working production system isn't a bad deal at these budgets.

Dig1t 4y ago
Wait wait, is it really possible to get that big of a seed round WITHOUT an MVP??
- rco8786 4y ago
  Not now. It probably was from 2018-2021. Probably will be again at some point. But don’t take that to mean you can just walk in and ask for money. People still want to know who they’re investing in. Prior track record is key.
  - lumost 4y ago
    In B2B it may be quite sufficient that someone has a track record in the industry + good customer contacts/buyers. Why wait for an MVP if the MVP doesn't seem like the risky part?
  - flappyeagle 4y ago
    Yes now. Series A is harder to raise but 2M seed rounds are still happening. 1M seems pretty standard now.
    - rco8786 4y ago
      2M seed without an MVP would be incredibly difficult right now. Certainly not impossible. But way, way harder than it was 12 months ago

wcarss 4y ago

Your last point there is the stinger: they rebuilt everything themselves after going cheaper to start. So: they had the money, and they had cause to spend it, but they chose not pay you for your service, and as a result they likely paid more in the long run. It is a (admittedly pretty tough!) sales task, but it is the task: you had to convince them that $10k was worth it for you. Once they have 3+ programmers working full time, they'll be spending _at least_ $15k every single week on their site/app -- likely way more. Save them even a single near-future month of crap-rewriting, "switching frameworks", infrastructure headaches, "one-click signup", getting their shaky foundations sorted out, etc., and it's a very clear win. I've seen founder and first contractor tech debt that was really hurting the business take _a year_ to clear out, because once the business is running at all, you can't just swap out the engine. Heck, I've seen it take 5 years! Making the right choice today can really change their whole outcome, from struggling or closing to thriving -- and a bad contractor is not the right choice. (etc...) You have to show them: your rate is just a demonstration of your value. If they pick you, they're gonna be laughing all the way to the bank.

cronix 4y ago
> So: they had the money, and they had cause to spend it, but they chose not pay you for your service, and as a result they likely paid more in the long run. That's one possibility. Another, and one that I think is more common with startups (majority are people using their own savings and family/friends, not raising millions from seed rounds) is that they really didn't have that much money up front, but paying a cheaper way allowed them to minimally get a product out the door until they had enough revenue to "do it right."