Mmm monetized niche!!! Is it still available n open? Regards,
Prashant 512.917.2308 - sent from my iPhone please excuse the brevity On May 26, 2011, at 4:04 PM, PJ Christie <[email protected]> wrote: > I went through a test period with a guy in Dallas who had a not very > good looking site in a very lucrative niche, one that I knew pretty > well. My skills were pretty well aligned with his needs and we set up > something that sounded fair. > > For no cash, I was offered a gradually larger percentage of the > business to max out at 7%. > My commitment was established at 8 - 10 hours per week. > I received a sliding scale of money based on amount of revenue over an > established baseline. > > He had strengths. The website was built already and he had good money > behind him up to that point. > > In negotiating, he refused my request to guarantee that the shares > would not be diluted. The contract had a schedule of milestones that > could not be met within my available time. 3 days after I signed the > contract he pulled the one developer off the project to build > something like Facebook from scratch. The deeper I dug the more doubts > I had that the product would work and that he placed a premium on the > customer relationship. All my suggestions on ways to monetize the site > he rejected. > > So I bailed 3 weeks in. I was glad for the experience and I probably > learned more from the failure than if it had succeeded. > > PJ Christie > http://www.linkedin.com/in/pjchristie/ > > 512-577-4059 > blog - pjchristie.com > twitter - @growyourbase > > > > > On Thu, May 26, 2011 at 3:03 PM, Prashant Sheth > <[email protected]> wrote: >> WOW, the group's been awfully quiet on this. Ok, I'll take the fall here. >> I've seen this request often (as a programmer, web-guy, IT, more), and even >> more often, it falters and goes away. >> To answer this, here are the questions to consider: >> #1: why would someone have this request? >> #2: are ALL your basis covered: admin, legal, marketing & sales, support? >> #3: once you've done this, what is the value proposition to your >> programmer? what are all the things u are looking for? >> #4: what is the market value for these services and why can't u afford it? >> #5: if the person is going to defer their compensation, what's their >> upside? is it fair? they are foregoing compensation and benefits for doing >> the work with someone else.. >> #6: what's the real upside-/ risk to the person: is it worth the upside? >> #7: what happens if the biz fails not due to that programmer -person? >> #8: if the compensation was reversed, i.e u were paid THAT offer for THAT >> much work, would you take it? >> If you come from a point of fairness, generally it'll work. Don't >> understimate your programmer, and don't try to get something for nothing. >> Too often biz "idea-generators" will come from a point of view "oh this idea >> is so unique.. NO ONE has done it..." chances are .. its been done about a >> dozen times.. and about a dozen people are doing it at this time. >> The idea isn't the money, the execution is... that's why a strong executive >> team is what is always looked for. >> if you are ONE person telling a programmer that "build-it and the customers >> will come" you are not reliable.. and the programmer is risking all.. >> GENERALLY (not always).. if you have a team, and some measure of success.. >> then there's a better position of reliability. The programmer's goal and >> deliverables are tangible.. but as an "idea-person" your deliverables aren't >> defined.. how do u build a business? >> Finally, an NDA is about the most absurd thing in the world, if u are a >> startup u do NOT have the litigation $ to get someone on an NDA.. its >> MOSTLY the execution of the idea that will create a market winner.. >> This would be a starting point for a discussion.. after this.. its all >> fair-game and there's no limits to the ways things can/will work out. >> Regards >> Prashant >> >> On Mon, May 23, 2011 at 3:36 PM, Greeeenr <[email protected]> wrote: >>> >>> I have and have had some great ideas. Most have gone on to be >>> developed by others and bought by bigger companies. >>> My frustration ,not being a programmer, is that many developers are >>> not as qualified as they think or pretend to be. >>> Many web developing companies are just looking for large corporate >>> dollars and don't seem to put realestic timelines or bugets together. >>> Having the Associations and sales experience I would like to partner >>> with a web designer/designors and create these projects with an exit >>> stradegy in place to sell and move on. >>> I would appreciatte any ideas of how to >>> -Partner fairly and not lose your idea >>> - ensure I am involved with someone who can deliver a complete >>> product >>> - is there a form for this type of arrangement ? >>> >>> -- >>> Our Web site: http://www.RefreshAustin.org/ >>> >>> You received this message because you are subscribed to the Google Groups >>> "Refresh Austin" group. >>> >>> [ Posting ] >>> To post to this group, send email to [email protected] >>> Job-related postings should follow http://tr.im/refreshaustinjobspolicy >>> We do not accept job posts from recruiters. >>> >>> [ Unsubscribe ] >>> To unsubscribe from this group, send email to >>> [email protected] >>> >>> [ More Info ] >>> For more options, visit this group at >>> http://groups.google.com/group/Refresh-Austin >> >> -- >> Our Web site: http://www.RefreshAustin.org/ >> >> You received this message because you are subscribed to the Google Groups >> "Refresh Austin" group. >> >> [ Posting ] >> To post to this group, send email to [email protected] >> Job-related postings should follow http://tr.im/refreshaustinjobspolicy >> We do not accept job posts from recruiters. >> >> [ Unsubscribe ] >> To unsubscribe from this group, send email to >> [email protected] >> >> [ More Info ] >> For more options, visit this group at >> http://groups.google.com/group/Refresh-Austin >> > > -- > Our Web site: http://www.RefreshAustin.org/ > > You received this message because you are subscribed to the Google Groups > "Refresh Austin" group. > > [ Posting ] > To post to this group, send email to [email protected] > Job-related postings should follow http://tr.im/refreshaustinjobspolicy > We do not accept job posts from recruiters. > > [ Unsubscribe ] > To unsubscribe from this group, send email to > [email protected] > > [ More Info ] > For more options, visit this group at > http://groups.google.com/group/Refresh-Austin -- Our Web site: http://www.RefreshAustin.org/ You received this message because you are subscribed to the Google Groups "Refresh Austin" group. [ Posting ] To post to this group, send email to [email protected] Job-related postings should follow http://tr.im/refreshaustinjobspolicy We do not accept job posts from recruiters. [ Unsubscribe ] To unsubscribe from this group, send email to [email protected] [ More Info ] For more options, visit this group at http://groups.google.com/group/Refresh-Austin
