Find co-founders, don't get screwed - seems like a great idea
Foundrs.com is actually the latest version of a Mountain View, Calif. company called FairSoftware. The concepts are similar, but FairSoftware didn't emphasize the idea of finding co-founders -- it was more about creating an inexpensive-but-fair way to hire people to help with your startup idea.
The recent name change comes with some new features. For one thing, chief executive Alain Raynaud said FairSoftware's old interface of 20 different menus has been distilled into two buttons. And the business model has changed. FairSoftware previously asked for 3 percent of future equity, but since, as Raynaud put it, "everyone tends to over-estimate the value of their idea," users didn't want to give up any ownership. So the company is scrapping the equity requirement and just asking for $9.99 per month.
Read more:
Foundrs.com: Find co-founders, don’t get screwed | VentureBeat
What do you think (not affiliated with them in any way)?
The recent name change comes with some new features. For one thing, chief executive Alain Raynaud said FairSoftware's old interface of 20 different menus has been distilled into two buttons. And the business model has changed. FairSoftware previously asked for 3 percent of future equity, but since, as Raynaud put it, "everyone tends to over-estimate the value of their idea," users didn't want to give up any ownership. So the company is scrapping the equity requirement and just asking for $9.99 per month.
Read more:
Foundrs.com: Find co-founders, don’t get screwed | VentureBeat
What do you think (not affiliated with them in any way)?
Publish Coloring Books for Profit (WSOTD 7-30-2015)