9 ms·

Ask HN: What happened to Proposition HN? ("$8000 for your side project")

197 points by technel 13y ago

Long ago, an anonymous user offered to pay $8000 to several people to build side projects.[1] The blog for the project hasn't been updated[2] since January, and the names of those selected were never made public. Is anyone involved able to comment? [1] https://news.ycombinator.com/item?id=5037694 [2] http://hnproposition.blogspot.com/

codystebbins 13y ago
dze
pain_perdu 13y ago
Thanks for posting this.
loceng 13y ago
I wonder if it was just an idea grab - hopefully not.
- dsl 13y ago
  Why would anyone bother with an "idea grab"? Based on the number of "seeking technical cofounder" emails I get every week, ideas are not the problem. Successful companies are built on execution.
  - loceng 13y ago
    You can find investors even out there (and others) - who at different points slip up and say they're just fishing for data (whether it is ideas or information relating to success of certain ideas). And do you really think every idea that people have is published and talked about immediately upon them having it? Many don't so they can line things up and have a competitive advantage. Like you said, execution is the most important part - though the idea still is valuable - and if someone else executes first on an idea then they can beat out the originator of the idea. An easy example: Facebook, Mark Z. who was hired by the brothers, who had the idea to be exclusive to only people with a Harvard email address - which in evidence / documentation he even stated he wanted to beat them to the punch (because "people don't need two of these platforms" - rough quote, I don't remember the exact words).
  - dlhavema 13y ago
    I definitely have a lack of viable ideas. Would like to know where all these ideas your talking about come from :-)
    - loceng 13y ago
      That's likely the key difference: Ideas and ideas that are viable - or knowing how or what makes them viable. Usually when you're pitching ideas for money you explain WHY they are viable, telling your strategy / tactics ...
- sharemywin 13y ago
  As this project has pointed out even getting an MVP isn't the problem with starting a successful business. $8000 isn't a lot of money if your talking about a profitable business.
sixQuarks 13y ago
I'm curious about this as well.
genericacct 13y ago
The project i am involved in is going forward. late, but going forward =)
- switz 13y ago
  Can we get a few more details? You seem to have created a throwaway account just for this post.
  - genericacct 13y ago
    I have, and it's probably the third throwaway i open here -- keep forgetting pws, sorry. I don't feel authorized to disclose any details regarding the originator of the proposition, but i can assure you the project i am doing (surprise, it's a webapp with an api!) has been funded.
vbv 13y ago
It didn't look anything serious when it was posted and I hope no one did.
- genericacct 13y ago
  I have been paid so i guess you can say there was some seriousness to it.
  - vbv 13y ago
    I kind of find it hard to believe. You just created your account like 17 mins ago.
    - mnbvcxza 13y ago
      But someone who has an older account couldn't possibly be lying.
    - varikin 13y ago
      Or he doesn't want to connect being part of it to a different account.
    - deleted 13y ago
      [deleted]
Malcx 13y ago
I began a project with this after the pitch/initial selection phase - but due to personal circumstances had to withdraw about 40% of the way in and concentrate on other things. Due to the specific arrangement we had, I (understandably) didn't get paid anything, although the idea is still on hold to be resurrected when I'm more able - although this may be as a solo project then. The concept and semi-anonymous funder are certainly legit and I'm interested to see how the other projects from this develop.
walesmd 13y ago
I threw my idea list at the guy (I think it was only 80-something deep at the time) and were tossed some ideas back and forth. Ultimately, I decided I didn't really think he was the type of partner I was looking for. Absolutely nothing personal against him and I assure you, his offers were legitimate and he very easily had the means to accomplish what he put forth in his original post. It simply can't down to him being a business/sales guy, when I wanted another technical person; and him looking to fund full time development of an idea, whereas I wasn't all too concerned with those financials.
lionheart 13y ago
I was one of the developers that participated in this project. The web app launched about a month ago and is currently running with some beta users testing it out. I got paid for my development work and we are currently working on advertising the app with the advertising budget we set aside. I'm sure if things go well we will do a write up about the experience and post it at some point.
- soneca 13y ago
  This web app is the http://viidya.com/ http://viidya.com/?
  - lionheart 13y ago
    No that ones my personal project.
- unreal37 13y ago
  It looks like it was http://www.textrep.com http://www.textrep.com
  - zeckalpha 13y ago
    It looks like there are 5+ different font families on that page. Choosing 2 would make it a lot easier to read.
  - porter 13y ago
    What kind of messages get mass-texted by realtors to their clients?
    - lionheart 13y ago
      Open house reminders, "a house just went on the market in the zip code you were looking at", etc. It usually won't be texts to all of their clients, but to groups of 10-20 based on their tags and groupings in our system.
parametrek 13y ago
Bounced a few emails around. I was turned down. A few months later I went and put it together myself anyway. The beta test has been well recieved and I am looking for clients.
- tehwebguy 13y ago
  What is the project / can we see the beta?
  - parametrek 13y ago
    Sure. http://parametrek.com http://parametrek.com I should probably re-shoot the demo video. It is seriously dated.
    - sixQuarks 13y ago
      I like the idea, but no offense, I would remove the wording that says "the most user friendly". The site needs some serious ux/design work.
- prawn 13y ago
  If you're looking for clients, you could mention the venture or include a link in your profile. Never know who on here might be a potential client or could pass the link on to someone else who would be more interested.
deleted 13y ago
[deleted]
hmexx 13y ago
Hey guys Sorry for the radio silence. I was intending on keeping the blog updated with anecdotes from the experiment, but ended up not doing so. I've received a few emails from people mentioning that I'm throwing away the opportunity of turning the initial spike of interest into a long-standing readership/audience but the truth is that was never what I was after; I was genuinely keen on finding some cool new projects to work on. The experiment is going so-so. If you remember I green-lighted 5 projects. - 1 was aborted before start through mutual agreement after further market research - 2 were aborted because the devs did not manage to complete the MVP. Lack of motivation mainly. If I've learnt anything so far it's that lack of follow-through is still a major issue, and the promise of a little money and a partner to work with does not squash the problem as much as I thought it would. I suspect not being physically in the same space has a lot to do with it. That leaves 2, one of which is live and the other is about a month away still (slow progress) So it's unclear whether this structure works. Going to depend on the last 2. Even then, the sample size has been quite small so the results will not be conclusive. Guess will need to try a second round at some point! hmexx
- hmexx 13y ago
  Ps: written on iPhone. Apologies about formatting/typos
- loceng 13y ago
  How much money have you spent then so far? And thanks for answering.
- ghc 13y ago
  Interesting. I wonder how this compares with Google's Summer of Code program completion statistics (at least back when it started). If you wind up with several companies that are judged as likely to be successful, what will you do? You can't reasonably split multiple companies 50/50 with others, because you won't be able to give adequate time. Getting a business off the ground is just the very first step. You're practically dooming businesses to failure if you can't fully commit to them because you are splitting time between multiple companies. On the other hand, it wouldn't be fair to bet on one of the companies and then reject working on others, even if they might be viable businesses.
nnoitra 13y ago
Can we at least know what ideas you people were working on?
deleted 13y ago
[deleted]
sogen 13y ago
Thing still open?
myspace 13y ago
A Mexican. Hi, very interested in how to get in. Sadly not too many opportunities in here.
andrewhillman 13y ago
I am surprised more "seed investors" don't come on here once in a while and say... show me (demo) what you're working on... I have 15-25K to thrown down on something interesting. HN could use a little more personal engagement on here.

197 points by technel 13y ago

codystebbins 13y ago

dze

pain_perdu 13y ago

Thanks for posting this.

loceng 13y ago

I wonder if it was just an idea grab - hopefully not.

dsl 13y ago
Why would anyone bother with an "idea grab"? Based on the number of "seeking technical cofounder" emails I get every week, ideas are not the problem. Successful companies are built on execution.
- loceng 13y ago
  You can find investors even out there (and others) - who at different points slip up and say they're just fishing for data (whether it is ideas or information relating to success of certain ideas). And do you really think every idea that people have is published and talked about immediately upon them having it? Many don't so they can line things up and have a competitive advantage. Like you said, execution is the most important part - though the idea still is valuable - and if someone else executes first on an idea then they can beat out the originator of the idea. An easy example: Facebook, Mark Z. who was hired by the brothers, who had the idea to be exclusive to only people with a Harvard email address - which in evidence / documentation he even stated he wanted to beat them to the punch (because "people don't need two of these platforms" - rough quote, I don't remember the exact words).
- dlhavema 13y ago
  I definitely have a lack of viable ideas. Would like to know where all these ideas your talking about come from :-)
  - loceng 13y ago
    That's likely the key difference: Ideas and ideas that are viable - or knowing how or what makes them viable. Usually when you're pitching ideas for money you explain WHY they are viable, telling your strategy / tactics ...
sharemywin 13y ago
As this project has pointed out even getting an MVP isn't the problem with starting a successful business. $8000 isn't a lot of money if your talking about a profitable business.

sixQuarks 13y ago

I'm curious about this as well.

genericacct 13y ago

The project i am involved in is going forward. late, but going forward =)

switz 13y ago
Can we get a few more details? You seem to have created a throwaway account just for this post.
- genericacct 13y ago
  I have, and it's probably the third throwaway i open here -- keep forgetting pws, sorry. I don't feel authorized to disclose any details regarding the originator of the proposition, but i can assure you the project i am doing (surprise, it's a webapp with an api!) has been funded.

vbv 13y ago

It didn't look anything serious when it was posted and I hope no one did.

genericacct 13y ago
I have been paid so i guess you can say there was some seriousness to it.
- vbv 13y ago
  I kind of find it hard to believe. You just created your account like 17 mins ago.
  - mnbvcxza 13y ago
    But someone who has an older account couldn't possibly be lying.
  - varikin 13y ago
    Or he doesn't want to connect being part of it to a different account.
  - deleted 13y ago
    [deleted]

Malcx 13y ago

I began a project with this after the pitch/initial selection phase - but due to personal circumstances had to withdraw about 40% of the way in and concentrate on other things. Due to the specific arrangement we had, I (understandably) didn't get paid anything, although the idea is still on hold to be resurrected when I'm more able - although this may be as a solo project then. The concept and semi-anonymous funder are certainly legit and I'm interested to see how the other projects from this develop.

walesmd 13y ago

I threw my idea list at the guy (I think it was only 80-something deep at the time) and were tossed some ideas back and forth. Ultimately, I decided I didn't really think he was the type of partner I was looking for. Absolutely nothing personal against him and I assure you, his offers were legitimate and he very easily had the means to accomplish what he put forth in his original post. It simply can't down to him being a business/sales guy, when I wanted another technical person; and him looking to fund full time development of an idea, whereas I wasn't all too concerned with those financials.

lionheart 13y ago

I was one of the developers that participated in this project. The web app launched about a month ago and is currently running with some beta users testing it out. I got paid for my development work and we are currently working on advertising the app with the advertising budget we set aside. I'm sure if things go well we will do a write up about the experience and post it at some point.

soneca 13y ago
This web app is the http://viidya.com/ http://viidya.com/?
- lionheart 13y ago
  No that ones my personal project.
unreal37 13y ago
It looks like it was http://www.textrep.com http://www.textrep.com
- zeckalpha 13y ago
  It looks like there are 5+ different font families on that page. Choosing 2 would make it a lot easier to read.
- porter 13y ago
  What kind of messages get mass-texted by realtors to their clients?
  - lionheart 13y ago
    Open house reminders, "a house just went on the market in the zip code you were looking at", etc. It usually won't be texts to all of their clients, but to groups of 10-20 based on their tags and groupings in our system.

parametrek 13y ago

Bounced a few emails around. I was turned down. A few months later I went and put it together myself anyway. The beta test has been well recieved and I am looking for clients.

tehwebguy 13y ago
What is the project / can we see the beta?
- parametrek 13y ago
  Sure. http://parametrek.com http://parametrek.com I should probably re-shoot the demo video. It is seriously dated.
  - sixQuarks 13y ago
    I like the idea, but no offense, I would remove the wording that says "the most user friendly". The site needs some serious ux/design work.
prawn 13y ago
If you're looking for clients, you could mention the venture or include a link in your profile. Never know who on here might be a potential client or could pass the link on to someone else who would be more interested.

deleted 13y ago

[deleted]

hmexx 13y ago

Hey guys Sorry for the radio silence. I was intending on keeping the blog updated with anecdotes from the experiment, but ended up not doing so. I've received a few emails from people mentioning that I'm throwing away the opportunity of turning the initial spike of interest into a long-standing readership/audience but the truth is that was never what I was after; I was genuinely keen on finding some cool new projects to work on. The experiment is going so-so. If you remember I green-lighted 5 projects. - 1 was aborted before start through mutual agreement after further market research - 2 were aborted because the devs did not manage to complete the MVP. Lack of motivation mainly. If I've learnt anything so far it's that lack of follow-through is still a major issue, and the promise of a little money and a partner to work with does not squash the problem as much as I thought it would. I suspect not being physically in the same space has a lot to do with it. That leaves 2, one of which is live and the other is about a month away still (slow progress) So it's unclear whether this structure works. Going to depend on the last 2. Even then, the sample size has been quite small so the results will not be conclusive. Guess will need to try a second round at some point! hmexx

hmexx 13y ago
Ps: written on iPhone. Apologies about formatting/typos
loceng 13y ago
How much money have you spent then so far? And thanks for answering.
ghc 13y ago
Interesting. I wonder how this compares with Google's Summer of Code program completion statistics (at least back when it started). If you wind up with several companies that are judged as likely to be successful, what will you do? You can't reasonably split multiple companies 50/50 with others, because you won't be able to give adequate time. Getting a business off the ground is just the very first step. You're practically dooming businesses to failure if you can't fully commit to them because you are splitting time between multiple companies. On the other hand, it wouldn't be fair to bet on one of the companies and then reject working on others, even if they might be viable businesses.

nnoitra 13y ago

Can we at least know what ideas you people were working on?

deleted 13y ago

[deleted]

sogen 13y ago

Thing still open?

myspace 13y ago

A Mexican. Hi, very interested in how to get in. Sadly not too many opportunities in here.

andrewhillman 13y ago

I am surprised more "seed investors" don't come on here once in a while and say... show me (demo) what you're working on... I have 15-25K to thrown down on something interesting. HN could use a little more personal engagement on here.