What are companies like yours thoughts on people who don't have much "portfolio" work, but have been working on a side project that seems to at least superficia

What are companies like yours thoughts on people who don't have much "portfolio" work, but have been working on a side project that seems to at least superficially match your goals and mission? I have been working on a project (web and iOS based) with a couple of friends and we would describe ourselves similarly. We've put a lot of work into it, but that is pretty much the only public work I could show you.