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Developers: Earn Equity for Your Code at SF-Based Late Labs

5 points| johns | 13 years ago |tech.co | reply

7 comments

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[+] thiagodotfm|13 years ago|reply
I get daily requests to join some random startup guys in their adventure, for equity.

They are all horrible and I doubt this model is going to work unless all the startups there are already profiting.

Having 100% of a business that makes $0, "but have the potential" isn't worth shit.

[+] nathantross|13 years ago|reply
This is Nathan from Late Labs. Our goal as a company is to create a community of high level developers who can work on projects together. We are also playing around with the idea of using successful existing companies to let developers work on project together for them. What type of horror stories have you worked on? I know we all have these, our goal in the long run is to help make sure developers don't wast their time on projects that aren't stable :)
[+] andrewkkirk|13 years ago|reply
Why do you Late Labs to facilitate developers working on "ideas"?

Developers have too much opportunity to work on the "next great thing" in exchange for equity.

[+] nathantross|13 years ago|reply
Hey, I'm Nathan, one of the people working on LateLabs, and I definitely agree that there are infinite project possibilities for developers to work on. Our goal at Late Labs instead is to create a unique type of community that will allow high level developers to work together, and learn from each other.
[+] nathantross|13 years ago|reply
Do you like the idea of working on a project for equity that's more managed with other developers? And why? And would you use this as a learning experience?