Re:Show HN: New bootstrap model for startups – VC but with f...
by abstractalgo on Monday January 13, 2020 @11:50PM
(#22041947)
This model is borrowed and adapted from venture capital. It's based on return on a risk. As in VC, many ventures fail or have minimal returns, yet VC as a model is successful. Why? Because small percentage of those makes up for the loss on all the other investments. It's a "game of numbers".
As in VC, amount of success would vary. Smart choices would lead to good outcomes, and all is up to you if you're willing to take such risk and what choices to make.
Re:Show HN: New bootstrap model for startups – VC but with f...
by jerriep on Tuesday January 14, 2020 @04:04AM
(#22043057)
I understand that. My issue is with the fact that (a) you make claims about earning more which you cannot back up with numbers and (b) you do not have any obvious disclaimers stating that this is a high-risk proposition and that the freelancers may just as well never see a single cent of return on their time.
So I am taking issue with the fact that your claims are deceptive.
As a freelancer, I have been approached a few times over my 20+ year career by people to work for free in exchange for future revenue share. I have declined this each time and on each occasion, when I followed up a few years (or even few months) down the line, the venture was dead.
So in my personal experience, there is basically zero chance of getting that future income. But I am sure there are some people that have success, so I will grant there is a chance, albeit small.
Yet you make claims about earning more and building my pension. I think this is misleading without actual proof that there is very high certainty that it will work out in the freelancer's favour.