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Re:Tell HN: I will build you a working MVP for $2,345 by lobotryas on Thursday April 17, 2014 @06:01PM (#7606739)
Yes, it's too little. Remember patio11's advice: you are not charging what the work or time is worth it TO YOU, you are charging what your output is worth it TO YOUR CUSTOMER :)

Also, having a starting price in the 10k+ range will help weed out bad apple customers. Trust us when we say that you want fewer high quality customers than a lot of pain-in-the-neck customers. Finally, charge 1/4th upfront like another poster said so you don't get screwed.

Re:Tell HN: I will build you a working MVP for $2,345 by goatherders on Thursday April 17, 2014 @06:13PM (#7606812)
Having a starting price in the $10k range also weeds him out. In my market (Austin), if I have $10k for a prototype (even half that) I can throw a cat and hit a Ruby guy, a Python guy, a PHP guy, etc. The price as he has it is low enough that people with "an idea" might take the plunge to get a prototype going.

If I were to have one suggestion it would be for his site to spell out some parameters about what a prototype is so there are no later arguments.