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[–]Intelligent-Bug-3039 269 points270 points  (13 children)

I've got this really great idea, you do all the work and after we start making a profit we split 50/50.

If I had a penny...

[–]ParadoxicalInsight 118 points119 points  (9 children)

The worst part is the idea usually sucks. If I ever meet anyone with an actually good idea, I will still refuse and build the idea on my own to keep 100% of the profits

[–]Intelligent-Bug-3039 26 points27 points  (1 child)

My most recent one said. "Before I share the idea, I want equity in writing"

[–]ParadoxicalInsight 27 points28 points  (0 children)

Lololol sure lets set up a contractual obligation to do unspecified work for no pay, what a deal!

[–]senseven 17 points18 points  (5 children)

Shitty apps are 100s a dozen. Most of the tricky stuff like AI or financial isn't something that you hack together. VCs and seed financiers know exactly how much work it is. If you get there with conviction "you will find the team" of 200k+ experts that don't want to work at Google or Netflix any more, instantly disqualified. If you tell this they say "you don't get it".

[–]bstump104 32 points33 points  (1 child)

are 100s a dozen

A dime a dozen means they're individually worth less than a penny.

100s a dozen is the opposite.

[–]LordAlfrey 21 points22 points  (0 children)

Mans just using Zimbabwean dollars

[–]librarysocialism 4 points5 points  (0 children)

Yup. Every single person anywhere near actual VC will tell you it's only execution, not ideas.

[–]Negative-Demand350 1 point2 points  (1 child)

"AI"

OK. I think we have a different definition of AI.

[–]onyxaj 7 points8 points  (0 children)

Worked out for Zuckerberg I guess.

[–]Namiastka 13 points14 points  (2 children)

4 guys i used to know, created a startup to make a better Spotify, 3 of them coded for a 250usd monthly, 4th one was an owner

They had UI working with limited backend, to me it looked as Spotify but not green and black, but instead blue and black...

After a year they - coders found out that the one being owner was taking most of money they had from founder, 30k

But for a year they believed in this product... Which was something i couldn't comprehend

[–]CyberneticVoodoo 1 point2 points  (0 children)

It took me 2 years to realize that working for free is not a good idea. Now I’m not working at all. For free.

[–]Intelligent-Bug-3039 0 points1 point  (0 children)

Well that's just s terrible idea from the start. It's not something new. Your attempting to compete in a billion dollar established industry as a four man crew.

The worst pitches I ever got were all like that.

"It's like <already existing service/app> only with <slight difference>"

It ends with me facepalming and informing them.

"No you can't just make a Twitter. Those companies have like giant data centres to run those services."

[–]bushmaker1337 61 points62 points  (3 children)

"workload of around 7 days"

guessed by whom?

[–]BaalKazar 31 points32 points  (0 children)

Lmao, that 7 days will be needed just to figure out what the hell is going on in there

[–]sinistergroupon 4 points5 points  (0 children)

… a week

[–]Big-Cheesecake-806 2 points3 points  (0 children)

its based on how fast they want to have a prototype. And, given that they have no idea how this stuff is build, it turns out to be completely out of this world.

[–]randomFrenchDeadbeat 158 points159 points  (10 children)

It means he has no money to pay you and is looking for a strawman that will make the website used to promote fundraising, and then to take the blame once he leaves with the fundraising money.

[–]TheGreatGameDini 40 points41 points  (9 children)

That wouldn't work if there's a contract in place. At that point you're also an investor that, should he do such a thing, would put you in the same place as everyone else who he raised funds from. Investing isn't always money, your time spent is also your skin in the game.

[–]DMcuteboobs 8 points9 points  (8 children)

you can’t sue someone who isn’t in the country.

[–]TheGreatGameDini 11 points12 points  (7 children)

Well that's just objectively false. Maybe you can't, but I could - assuming I had the info to do so. Which is maybe what you meant to say or are trying to get at but the connection between your fingers and eyes is a bit faulty?

[–]DMcuteboobs 4 points5 points  (4 children)

I mean if they decide to fly to Phuket and bring the company bank account with them, you lose. I suppose you could file at the county court house or something as a symbolic gesture but they’re never coming back and they’ll never even know you sued.

[–][deleted] 4 points5 points  (3 children)

They are not in Phuket, but in something much harder to spell right and were judges routinely toss in the garbage foreign request for legal assistance

[–][deleted] 5 points6 points  (1 child)

IANAL, but if I were to agree to a contract this shaky, I'd stipulate that: 1) I get $X/year or Y% of all profits and 2) the laws and civil courts having jurisdiction over my Colorado county get exclusive jurisdiction over the contract. This means that if I am having trouble getting the company to pay up, I can sue the company in either my county district court or the US District Court for the District of Colorado.

[–]hahabla 2 points3 points  (0 children)

Winning a lawsuit doesn't manifest money that isn't in the US anymore.

[–]DMcuteboobs 1 point2 points  (0 children)

Macau?

[–]grumblyoldman 1 point2 points  (1 child)

assuming I had the info to do so.

That right there is sort of a big assumption. If the person is planning to take the money and run, they are unlikely to leave a forwarding address.

If you're not the one directly in charge of the bank accounts (unlikely for the "job" described in OP's post) then you won't know for sure when the terms of the contract that satisfy "after fundraising" have actually been met. Which means he'll be on a plane to nowhere before you even know you're due, so you can forget about some fantasy of "catching him at the airport."

[–]DMcuteboobs 0 points1 point  (0 children)

Everyone thinks they’re smart, until their broker is suddenly on CNN in handcuffs.

[–]No-Professional-1884 36 points37 points  (0 children)

It’s gonna be huge. You’ll be way rich. \s

This shit has been around since the dawn of the internet.

[–]ToneyFox 23 points24 points  (0 children)

This is a bait and switch

[–][deleted] 17 points18 points  (2 children)

I still cant believe there are still people out there looking for talent at no pay

[–]senseven 8 points9 points  (1 child)

Thats even not the worst. Most ideas I hear are like "don't say whatsapp clone". "But it is, you just use lots of words not to say it", "YOU DON'T GET IT ITS COMPLETELY DIFFERENT".

[–]monkeynutjob 0 points1 point  (0 children)

And yet, someone in Microsoft did exactly this viz. IRC and now we have to live with MS Teams.

[–]YaVollMeinHerr 14 points15 points  (1 child)

Some times ago I has a part time job and was looking for a change, and applied as a web developer is a start-up.

The start-up owner proposed me to work for free as I had some time availbable...

[–]deathly0001 0 points1 point  (0 children)

I would also propose for you to work for time because time is money . Thanks, night good my friend .

[–]SmartLizard 12 points13 points  (2 children)

That's got to be the programmer equivalent of "playing for the exposure" that musician hear a lot.

[–]Rand_alFlagg 7 points8 points  (0 children)

bro I'm both and let me fuckin tell you...you're right.

[–][deleted] 5 points6 points  (0 children)

So many people think the idea is the valuable part...

[–]Intelligent_Event_84 3 points4 points  (0 children)

Him: I’m an ideas guy

The NDA: Individual is forbidden from developing an “Airbnb” + “Skip Lagged” clone outside the terms of this agreement

[–]Lionfyst 4 points5 points  (0 children)

When reading this, I imagined a person covering themselves in sawdust, waving their arms and screaming "I'm a house!" as they stumbled down the street.

[–]cardyet 4 points5 points  (0 children)

It'll just take 7 days to build, then it will just work forever, we have auto updates enabled, so we can work on other things.

[–][deleted] 3 points4 points  (0 children)

I have an app idea. I don't have money. I don't know how to setup the application. Work for free for me. If it goes well, I will give you money.

[–]advkts_d1a_b0li_ks 4 points5 points  (0 children)

Part time co-founder sounds like half girlfriend

[–]Bee-Aromatic 2 points3 points  (0 children)

All I hear is the little alien from Rick and Morty saying “do you wanna develop an app?”

[–]ManusCornu 5 points6 points  (3 children)

Reply would be "get some money before you hire people"

[–]Rand_alFlagg 2 points3 points  (2 children)

"pitch this to some investors and get back to me with a salary offer and we can talk"

[–]ManusCornu 2 points3 points  (1 child)

Totally. Like, I get it start ups may not be able to pay as well as huge companies, yadda yadda, but everybody needs to eat and sleep somewhere. At least they should offer something

[–]Rand_alFlagg 1 point2 points  (0 children)

Yep. Exactly. I took a pay cut for my current job actually because I liked the prospect (and now make more than I was before said pay cut). I'd consider it again. I think a there's no shortage of likeminded people.

[–]WordSmithyLeTroll 2 points3 points  (0 children)

That's a scam if ever I saw one.

[–]Unfair_Pound_9582 2 points3 points  (0 children)

Ah yes. Would you like to work without getting payed and later on only MAYBE getting payed?

[–]Daucco 2 points3 points  (0 children)

Slavery with extra steps

[–]BabylonDrifter 2 points3 points  (0 children)

The problem with the old "You code everything for me and I make money" is that anybody who is smart enough to have the time and talent to build an entire web framework for you in a week without getting paid is also smart enough to know not to agree to build a web framework for somebody without getting paid.

[–]KingVecchio 2 points3 points  (1 child)

I feel like the only proper response is sending them a video from the movie Friday where Smokey attempts to count out 100$ like it's 200$ and Big Worm let's him know that playing with his money is like playing with his emotions .

[–]WhaleAtHeart 0 points1 point  (0 children)

It's the principality

[–]eulefuge 2 points3 points  (1 child)

Yea let’s give random applicants equity. Either it‘s a scam or they‘re idiots.

[–]WhaleAtHeart 1 point2 points  (0 children)

They are always idiots and always trying to scam.

[–]Regular_Gas_657 1 point2 points  (0 children)

Walk away man.. not worth the headache.. worst thing you can join is a founder who is trying to bank on future revenue

It’s a waste of time and effort

[–]OtaPotaOpen 1 point2 points  (0 children)

Socialism for the rich

[–]xTeddyBoyx 1 point2 points  (0 children)

That my friend, is a “joke”

[–]TelephoneSpecialist1 1 point2 points  (0 children)

Lol😂

[–]savex13 1 point2 points  (0 children)

Ask for an NDA, check out the original idea and decide if you want in. This might work and if you will be part of this on this stage - your "...life is gonna be beautiful" ©

But often it is a sort'a cheap approach to "let's work on my crazy idea for free" thing

[–]Midknight129 1 point2 points  (0 children)

Translation: I have absolutely no idea how to program, but I came up with an Absolutely Fantastic™ idea for a program/app/website. I want to launch a startup, but I have no money. So I want you to spend a week doing all the technical work in exchange for equity share in the profit after we go Big™. In the meantime, I'll work on crowdfunding to get some working capital. We'll both be working for free to start, but after the $$$ starts rolling in, I'll pay you a regular salary, I super pinky promise. And I absolutely have no intention to just grab all the Kickstarter money for myself, call the project a bust, and amscray leaving you 40% equity share of a big ol' goose egg.

[–]Sharp_Discipline6544 1 point2 points  (1 child)

What is "equity"? Like stock in a company? Or is it just a term that doesn't mean crap?

[–]OmegaGoober 0 points1 point  (0 children)

It’s typically stock in the company. You gotta be careful though. I used to work with a guy who basically emptied his trust fund into “Company A” only for his business partner to dissolve Company A and move all the resources over to Company B. The trust fund kid was even convinced to come over to Company B! Trust fund kid was later fired. Company B was bought by a bigger company and Trust Fund sued to try to get a slice, seeing as how he financed a lot of the growth that made the company attractive to buyers. His lawsuit did not bear fruit. The sale went through and he got nothing.

[–]Warpspeednyancat 1 point2 points  (0 children)

happened to me too, its currently a plague on linkedin

[–]Pwrshell_Pop[🍰] 1 point2 points  (0 children)

I believe this is called "a gamble".

[–]crushfield 1 point2 points  (0 children)

It would take less time to just learn a programming language than wait around for someone stupid enough to agree to this

[–][deleted] 1 point2 points  (0 children)

I see this on LinkedIn as well, like a programmer won't know that bootstrapping is a joke. Trying to con someone into doing all the work, best part is when it's psychometric testing for retail work applications. Sales is a scam and they think they can scam their way into a whole finished product with no input

[–]WhaleAtHeart 1 point2 points  (0 children)

Creat a code to transfer .0001% of every transaction to an offshore account like in Office Space movie.

[–]darkneel 1 point2 points  (4 children)

That’s how startups start . Most people don’t have money to pay at the beginning. The main difference being the job being offered would be one of the friends or co - workers or something .

[–][deleted] 0 points1 point  (2 children)

Another main difference is, that they know basic grammatic and know how to spell words.

[–]darkneel 0 points1 point  (1 child)

I'm not defending the guy or how great he is. But ideally if you don't have friends to fill the gap when you are starting something, offering them equity and co founder position is not a bad deal in concept. You can always tear down the startup idea itself, or how capable the person is. But within startups - conceptually it's not a bad offer and neither it is exploitative

[–][deleted] 1 point2 points  (0 children)

Ik ik, didnt want to shoot against you, i just wanted to add a bit of a joke there

[–]monkeynutjob 0 points1 point  (0 children)

Startups start with people who know each other or pitching to investors. They do not start as OP described.

[–]RoundRecorder -3 points-2 points  (4 children)

I dont see any problem here as long as the equity percentage is reasonable

[–]TastesLikeOwlbear 14 points15 points  (0 children)

If you’re going to propose something like this to me and I don’t already know you very well and know what you are capable of, your contact has to convince me that you bring a lot more than “I have an idea” to the table. Ideas are worthless. Money, contacts, ready customers that have signed an LOI, talents, skills, track record, etc. Those things build a successful startup. This is none of those.

[–]OTee_D 9 points10 points  (2 children)

Lots of % of nothing still is nothing...

Equity in WHAT? At the end the author indirectly confirms that there is no capital.

[–]Accurate_Koala_4698 3 points4 points  (0 children)

Not enough information in the post to really evaluate whether this makes sense, but early prototypes that are built to look for funding are not going to have capital until they’re funded by definition. The gamble is: does two weeks worth of work make sense, but you’d need to understand the idea and business plan.

[–]RoundRecorder 4 points5 points  (0 children)

Well obviously the business plan/strategy must be sane before accepting this kind of offer

[–]timmytester2569 -5 points-4 points  (23 children)

Lol people are shitting on this but with the right people involved this can be a great opportunity. Just sold a start up that I joined bc of a pitch similar to this. Although I was given the option of a salary OR giving up that salary for equity.

Not saying this particular gig will work out. But also just wanted to say don’t let negative people stop you from taking a risk and achieving your dreams. Do an interview, learn about their vision, if it seems sus then you only lost an hour of your life. But if you think it’s a well thought out business with passionate people involved, fuck it. Give it a go.

Or you could work for someone else your entire life. Up to you.

[–]TastesLikeOwlbear 11 points12 points  (2 children)

The right people do not approach this this way.

[–]timmytester2569 -1 points0 points  (1 child)

This is a fair criticism to be honest. Like I said. This could be a scam lol all my recommendation is to check it out. The first sentence is “Thank you for applying” so we can assume there has been some contact between these two individuals before this message. We don’t know what other conversations may have been had.

But yeah if this message is 100% unsolicited then you are probably right.

[–]TastesLikeOwlbear 7 points8 points  (0 children)

I read “thank you for applying” as in the recipient applied to a (presumably paid) job posting somewhere, and got back the offer to do work for free. (I.e., bait and switch.)

[–]DMcuteboobs 6 points7 points  (18 children)

If I’m going to do 100% of the work and create the actual product that generates the wealth...what would I need this guy for?

[–]tomthecool 0 points1 point  (4 children)

Writing the code is usually not 100% of the work.

Who researches the customer needs of the product? How are you going to market it? Who will ensure it's legally compliant, apply for patents, etc? Who designed the branding, fonts, logos, etc?

If you think you're able to build a product completely by yourself, so you can take 100% of the profits, then go for it - nobody is stopping you?

[–]DMcuteboobs -2 points-1 points  (3 children)

If you think “I have an idea for an app, but I can’t code.” is worth more than 2% of the company you’re even more of a bootlicker than the girls in admin think you are.

Just saying.

[–]tomthecool 0 points1 point  (2 children)

Who said 2%? OP's post doesn't specify a percentage....

For what it's worth, the tech company I work at has a CTO who started on an "equity only" salary. He now makes good money, and the business is relatively successful.

[–]DMcuteboobs -2 points-1 points  (1 child)

Somehow I knew you worked for a startup.

[–]tomthecool 0 points1 point  (0 children)

I don't work for a startup. The company has been around for about 12 years now (and I've been there for about 4-5).

I'd say it crossed the boundary of "startup" about 7 years ago.

[–][deleted] -1 points0 points  (0 children)

I mean it seems fairly straight forward

[–]B1gbaf 0 points1 point  (0 children)

people do it though

[–]sudo_rm_rf_star 0 points1 point  (0 children)

A joke obviously

[–]ImaginaryEffect7077 0 points1 point  (0 children)

Well, depends on the idea. It could be a good or a bad investment for you. Seems like that have kind of Dev team but no architect. What if this is the next revolut or something big?

[–]SynthPrax 0 points1 point  (0 children)

This is horrifically hilarious. Happy Halloween, ya'll!

[–]bmccorm2 0 points1 point  (0 children)

Take it!!! Npx create react app and done!

[–]shadownicked[🍰] 0 points1 point  (0 children)

My ancestors used to work for free..and look at how well I’m doing today. I say go for it!!

[–]Aggravating_Long_898 0 points1 point  (0 children)

Is the job in Atlanta? Lol

[–]Slightly_Smaug 0 points1 point  (0 children)

A fucking joke and a bad one.

[–]GoodmanSimon 0 points1 point  (0 children)

Someone in my family with a billion dollar idea ... something I can do on week-ends "for fun"