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Wow. I'd rather go on fucking Shark Tank. If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50%
by nkohari 14y ago
Wow. I'd rather go on fucking Shark Tank.
If someone is willing to take $5,000 to do the heavy lifting up front (therein taking most of the risk) for only 50% equity, their idea is either terrible or they aren't committed to seeing it through.
- a3camero 14y agoOr they live in a second/third world country, or they're a student, or...
- samdunne 14y agoExactly my thoughts
- danielweber 14y ago$5000 to spend a month working on something you love isn't that bad for many places in the US, even. I wouldn't take this deal, because stopping / starting employment isn't that easy for me, but I can see other people rationally taking it. And if other people think he's underbidding, I would encourage them to bid him up.
- kamjam 14y agoI wouldn't take this deal, because stopping / starting employment isn't that easy for me But for those people who freelance, and are in between jobs this may well be an ideal opportunity to (continue) being paid for doing something they have been thinking about for a long time.
- emidln 14y agoA couple years ago I would have been all over this. I've done several ventures similar to this resulting in modest exits as well as couple resulting in being simply paid for working 4-12 weeks on something I want netting nice contacts. It's okay if you don't hit a home run. It's even better if you don't starve or get evicted for your troubles.
- klibertp 14y agoJust to put this in perspective, I live in a Central European country, part of EU, I earn almost 2x national average and I have to work about 4.5 months to get that kind of money.
- mikkom 14y ago.. Do you think that 5k he gives is going to be tax-free?
- benologist 14y agoDo you think 4.5 months salary is a tax-free alternative?
- dlss 14y agoyes? unless I read that wrong he's saying he'd have to work 4.5 months for his post-tax savings to equal $5k...
- hcarvalhoalves 14y ago$ 8000 is 1-2 months salary for a top developer in Brazil, depending on experience. To work on a side-project you're trying to get off the ground, it's fair.
- dudurocha 14y agoHey man, I'm from brazil too. Where in Brazil you receive 16k reais for two months of coding? I can see this only in a high level of seniority.
- ricardobeat 14y agoI assume he was thinking in R$, not dollars, with a slightly <2x exchange rate. Either way, a developer is not going to leave a good paying job like that, if he can just save for a few months and own 100%.
- dudurocha 14y agoI know, Ricardo. It's a real good money. My question was where to find highing pay jobs like this in brazil, if you are not a senior developer.
- verdverm 14y ago+1 student
- benologist 14y agoWhat risk? $5000 to cover yourself + $3000 marketing along with a (free) guy to do that for you which is a huge advantage that every person "launching" via a "Show HN:" submission could benefit from. If it turns out to be a crap idea you lose 50% of a crap idea. If it turns out to be a great idea you gain 50% of a business.
- nkohari 14y agoYou still have to do all the work to build the MVP.
- benologist 14y agoAnd you get paid to do it = labor, not risk. I have made and launched dozens of sites. The only ones I was paid to build belonged entirely to someone else. The ones I made for me .... I could barely afford hosting at some stages in my life.
- xauronx 14y agoAgreed. $5k to hack on a personal project for 2 months isn't really a ton of risk. Especially because OP didn't really put any huge requirements on this. It doesn't have to be a gigantic project (well, ideally at least, I'm not sure what he'll end up picking). I'd love to see the whole process documented though.
- suhastech 14y agoAgreed. Life is full of risk vs returns decisions. Employment - Low Risk, Low Returns Startup - High Risk, High Returns I love how this preposition is somewhere in the middle.
- loceng 14y agoAnd they're putting their idea they've spent a lot of time thinking about and are passionate about, and that OP thinks is quality enough that it could work; He's not going to put money into simple hobby projects.
- dudurocha 14y agoYou really think that the hard work of a sucessfull company is the inicial coding, you are much far from the truth. For coders, design a product is really simple. The problem is what to make, and what sells. That is the place where you can get help.
- ed209 14y agoYou think coding up the project is the heavy lifting?