300 karma · joined February 10, 2011
The correct answer should be, assuming you already have your company entity formed, is to get an attorney to draft up what is called a Confidentiality and Invention Assignment Agreement. This agreement basically states that any and all work done for the company belongs to the company. The draft is different for employees vs contractors but can be made for each type of person you are hiring. In it, you can detail what exactly is being done to avoid it being stolen (IP and all). It basically has a built in NDA but goes further in length to protect what you need.
I do agree execution is where its all at but don't worry too much about your idea getting stolen. If it's easily ripped and you can't defend it better than the people who steal it from you, you got bigger problems. I find that sharing ideas to the public are often better than hiding them. I can't keep count of the number of people and number of times I've received valuable feedback, resources, etc... for sharing what I'm working on with random people I've met at networking events, etc... only to gain more insight than before. Learn to let go of the fear of sharing what you're doing to some degree. Only some things are worth keeping private. The general premise of the idea however, is not one of those things and you certainly don't need to map everything out to your developer you are hiring up front to get them to build a prototype.
As for abroad, you might as well forget it. International legal battles are fruitless unless you're talking about monumental amount of money involved and high power. Chances are, you're definitely neither of those and you're not going to be suing someone overseas. If you're that worried about your idea being stolen, you got bigger issues than it actually happening.
However, as someone else noted, if you're looking for cheap help, you're probably in the wrong place. While there are many talented people who may consider working for cheap or pure equity, it's something that naturally happens if they believe in you, your brother, your company, your vision, etc... It's not something you should go out of your way to try to convince people. Hard sales rarely work.
I assume from your post that you and your brother are cofounders and neither can code? If this is the case, your setup already hardly make any sense. Smart coders will know better. Chances are you hardly know much about the business side of things much less convince coders to build your dream, one that I'm sure hasn't been "truly" validated.
Of course I am assuming and I could be wrong and you did validate your idea correctly and have much more going, but I seriously doubt it (and I'm trying to say that nicely here).
You should in all sense, validate the idea with REAL potential users, not your friends. If that pans out and you have limited funds, outsource a prototype first. THEN and only then, should you consider moving to the valley after you've got some minor traction and a working demo. The valley is not cheap and unless you live somewhere like Manhattan, you're not helping your financial situation much more. You're making it worse.
Networking is important but working smart is also important. You can make online connections before coming here. You have your odds stacked against you if you don't have local coders for raising (whether you hire before or after). Majority of all investors won't invest unless you have in-house coders so the long term strategy of hiring overseas hopefully isn't something you were planning and is only in consideration for your prototype/demo.
Salaries here are crazy but that's how it goes. At this point in your startup, I would seriously consider finding a cofounder and define very specific roles between you and your brother. And hopefully you're bringing enough knowledge on the business side as you're expecting your coder to bring to the table on the technical side. After all, you don't want to bring on someone who can't code at all and expect them to learn, no one wants to team up with an inexperience business cofounder only to have them learn and certainly not TWO of them. Something to consider.
Ideas are great but alone they're not worth much. You need to make it worthwhile for whoever you're working with as well. If you can get a prototype and demo up, pitching to coders AFTERWARDS make things a bit easier. Something to consider.
Best of luck
If you do end up finding something, it can be highly valuable regardless of the cost.
Blindly raising tuition and charging more than necessary isn't good nor is it smart to just slap a blind number like $10,000 and ignore all the economics at play. While I think the four year rule is somewhat good for commitment, I also strongly believe the education system needs a major makeover instead. Not all degrees are the same and should not all fall under the same timeline as each other. Everything should be restructured to make the best of each person's education instead.
Not to mention most of the stuff people post are pretty vague and would only make sense for those involved. It's a good and valuable tool if the culture and habits are developed correctly in adopting Yammer early on in any company.
Second, it's not Groupon that is engaging in the questionable practices. When you're going through massive deals like this, it can be easy to miss that the retailer you're doing business with is pulling a sly one on you. It's not uncommon to get a separate link and to think that some on here would believe that Groupon should thoroughly go through every link and verify for price discrepancy that may show up is unrealistic.
Lastly, it's also not uncommon for coupons to be honored on original prices rather than sale prices.
There's a lot of things wrong with this landing page so take what I have to say as best as you can without getting offended. Just want to be objective.
I can't stand the design. It's horrible. There are so many things wrong with it that listing things that are okay would probably be a shorter list.
There is no strong objective on this page. I have to spend time scanning around to try and figure out what it is you do and even then, the message isn't concise. I hate that I have to click "more" to read the rest. Perhaps this works well on a 1280x800 but it shouldn't be so on my screen. I also don't like that all the info is so spread out.
I also dislike the fact that when I click on one of the play buttons, it SLOWLY loads up what looks like powerpoint version web 0.5 and that I have to wait for stuff to crawl across the screen to be able to read it. I read extremely fast. Not having all the text there ready to go is annoying.
I'm sure I could continue to list a few more things but I hope this helps.
Of course you can integrate simple solutions that do this for free as well rather than build your own. We just hacked something together because we wanted to be able to integrate it with our internal system (user logins) for people to post. You can do it differently.
Of course I could be wrong and Apple may do an iPhone nano but this would also greatly diminish the user experience on the phone and apps experience by minimizing the screen. If you've ever played on an iPad, you'll know many apps work a lot better on the iPad. The screen size do make a difference. Shrinking the iPhone doesn't seem to be helpful in this area.
Lastly, Apple is not known for making half assed products with cheap components. Using older components doesn't equate to cutting costs low enough for profit margins on a retail $200 phone to make sense when they're raping $625 per phone as it is now. Would you do it? The economics just doesn't seem to make sense here.
Don't let your excitement of starting a company blind you from the things you need to handle day to day, like finances, and wait till things dry up. Do what you can to produce income while working on this startup part time.
Alternatively find a cofounder who can share the workload with you. But before you go down this route or do anything else, I highly recommend re-evaluating your roadmap, strategies, and plan. Two years is a long time to be working on a startup with no traction yet.