Looking for Developer in exchange for equity
Hey Hackers!
My cofounder and I are looking for a developer who would be interested in building a scaled-down version of our platform in exchange for equity with the option of joining full-time after our first customers/round of investment.
Our website, www.matador-fm.com, will give you an idea of what we're looking to build.
We can provide business plan/marketing information at request.
If interested please PM me with some availability for a call.
Thanks!
EDIT: Our website is down for the moment so please use this link in the interim as we get it back up: https://scottschmidtskype.wixsite.com/mysite8
Dude everyone and their dogs brother is looking for a developer in exchange for equity. Its not really an attractive offer considering the market price of a developer. (Easy way to determine this, is try to get quotes on building out a product for straight cash - a simple project might run 10-20k, now say the proposal is to exchange this for 20% equity, that means the valuation of the business is at 50-100k. Any rational person when asked to invest 20k, is going to ask questions like - whats the likelihood of success here? what are the reasons this product is valued at 100k? does that make sense? whats my ROI/NPV here?)
When developers think about investing their time like this, the ideas don't really even matter - its the people who do, its the people who make the product, its the people who will make it succeed. When a developer is considering such a deal (equity for labour) they are not looking for a brilliant idea so much as they are looking at who they are going to be working with to see what kind of people they are, and if they can lead, pivot, and execute, if they can be in a symbiotic & complementary relationship with one another.
Someone can have an absolute dog shit idea, but if they are smart and can execute, they can pivot into something profitable. But having a private profile, with 1 post, with no background information about the team, the project, or anything anyone can use to deduce the likelihood of success of a venture and worse - expecting some kind of quality response from even a mediocre developer as a result - can only be interpreted as bad judgement at best, and incompetence at worst.
Thanks for the advice. I guess I should have provided a bit more information in the post itself.
I was hoping to garner interest and then send over those kinds of details in our business/marketing plans since it's way beyond what a single post can entail.
But I get your point and will reconsider how to post this.
Thanks again!
Your website is down
Hey please use this website in the interim: https://scottschmidtskype.wixsite.com/mysite8
Ah yes the subscription ended. Getting it back up now.
Build the MVP whatever way you can without a developer, get your first customers and investment then hire a developer.
You will struggle to get a good developer for equity, these kinds of offers are usually a serious red flag for experienced professionals. You might get someone inexperienced onboard, but then do you really want them to hold a chunk of equity in your company?
Thanks for the advice!
Currently have a prototype but since the platform is geared towards enterprise companies, an MVP might not cut it.
Will definitely take this into consideration though.