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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 p

• traxtech 14y ago
  US resident only / Europe / rest of the world ? Payment terms ? (upfront / milestones / finished) Future company as a delaware C/S-corp ?
  • hmexx 14y ago
    Still need to iron out the details but... World. Upfront will be small (possibly nil) to prevent time-wasters. We can agree milestones based on nature of project. Once code is flowing onto a shared repository for a couple days, I'll feel comfortable starting the money drip. C/S corp in Delaware sounds reasonable. A yet to be drafted, founder's agreement to be signed at project start also to protect both parties.
    • deleted 14y ago
      [deleted]
    • traxtech 14y ago
      Good. I still have 3-6 months of work to do for a customer, but after I'll get back to you if you still pursue this aventure.
    • coecoventures 14y ago
      What about terms? Would your ownership be participating preferred? preferred? common? In other words, would all founders be diluted equally?
    • aangjie 14y ago
      World, great... i have been having this idea running through my head for some time, but need to iron it out a little and do some research .. Am on a 3-6 month project here, will contact you after.
• dropdownmenu 14y ago
  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?
  • jmathai 14y ago
    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.
    • jeremyarussell 14y ago
      You have to question why the idea would never have seen the light of day. If it's strictly because you have a cruddy job that pays minimum wage but you are smart and capable then yeah this would be the kind of opportunity one would be able to take advantage of. If you are like many of the people here, in that we aren't making terribly low amounts of money and can save up then it's not money that's keeping you from your dreams, it's you. I guess what I'm trying to say is it REALLY depends on the person. This isn't for everyone.
      • lifeisstillgood 14y ago
        The barrier to launching is rarely money - especially these days - sometimes just having one person pushing you is all it really takes - and it sometimes is worth paying for that let alone being paid.
      • yawaramin 14y ago
        In other news, going to college isn't for everyone. Getting married isn't for everyone. Working freelance isn't for everyone. Having a kid isn't for everyone. Nothing is for everyone, dude.
    • vik1211 14y ago
      Seed money plus active involvement in growing the business and creating traction could warrant such a split -- especially for an idea that was sitting on the shelf. Fifty percent of something is better than zero percent of nothing.
• callmeed 14y ago
  Email sent. For the record, I think this is a great idea.
  • altuzar 14y ago
    Email sent too!
  • larrys 14y ago
    Send me your idea as well. I like what you've done so far.
• jeremyarussell 14y ago
  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 this is probably just not for me, but those are two things you may want to consider for version 1.1.
  • ednc 14y ago
    You're asserting that customer acquisition is easy and low cost. It's not. 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.
    • jeremyarussell 14y ago
      I see where you thought I was asserting anything, when I said the 50 - 50 split was a killer for me doing most of the work. I hadn't really meant it like that but since your right in that customer acquisition isn't easy for people that have never done it then I refer you to a comment I posted below. That this is really for someone who has a crummy low wage job and would stand to gain a lot out of the deal. As for me personally (which I said off the bat was the kind of answers I was bringing. Personal opinions on why I myself wouldn't do it.) I feel comfortable with my ability to sale to people and gain good traction and growth.
      • ednc 14y ago
        you're right - this is not right for everyone. I wouldn't do it either - but 10-15 years ago, this would have been great for me. But this is a killer opportunity, especially for someone younger who can live on the 5k and is not worried about family and mortgages yet. This could be better than an MBA for many people who want to bring a real product to market. Note: I have no context at all on the OP, so I'm making the jump that they have a strong business background and would not be flailing around once it was time to execute.
• yajoe 14y ago
  The fact that some are offended by the deal you made the anonymous internet tells me you are on to something. Thank you for experimenting and being creative. A couple thoughts: * If you have a month to work on a project, consider taking this offer. Nothing helps motivate people (myself included) like a deadline and a partner. Don't get hung up on the equity split or other boring details -- just go do it. And be thankful you have the free month to work as you will; not all of us are so fortunate! * I am skeptical using 50-50 as a basis for a partnership in general, much less with someone on the internet I've never met. You are probably a chill dude, but I had similar optimism for too many girls I met online... :) Everyone claims to be funny and open to new things. If I had goals to work on this project fulltime, I'd be very concerned that the two of us might not work well together (I have no reason to believe this, but this is a risk based on past experience). I'd prefer some way to break ties. Either 49/51 split or something. If I had goals to work on this as an anonymous internet side project like my github work that happens to generate income, then rock on with 50/50 because it's simpler and anything else gets in the way of the product. * Would you mind documenting the outcome of this experiment? PG often cites YC's internal data as influencing their decisions. Not having access to that data and believing I see a large number of survival biases on HN, I'd be curious to see someone as honest as you document what actually happens. If anything, I imagine the outcome from the experiment will better inform you of improvements than any comment from HN. * Best of luck! I love creative experiments. No one here knows how this will turn out, but I know we all are interested to follow along.
• deleted 14y ago
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• fieldforceapp 14y ago
  I would recommend that in Version 1.1 you clarify the legal ownership & indemnification terms. $5k to build, with payment upon MVP completion... spend an additional $3k, including costs to establish a legal entity with joint ownership with no worse than a 50/50 split and friendly buy-out terms... Good luck!
• bjourne 14y ago
  It would be much easier to evaluate the offer if you told something about yourself. Just an anonymous gmail address isn't trustworthy enough. For example what marketing experience do you have and where are you located? If you live in Japan, you likely are not interested in a business project aimed at the Hungarian market.