New Type of Early Stage Investment Firm

I have to say, I'm fairly sanguine.

I mean, the worst it can do is not make much money, right? And whether it succeeds or fails, it will provide a real-world test of those assertions that ideas really are worthless, rather than just highly illiquid assets.

I think they have at least a decent chance - provided that the tech guys get a sufficient proportion of the equity they take that they have skin in the game. I watch with interest.

Seems like a formula for (a) half-assery on the part of developers working on someone else's baby, and (b) incessant nagging from the "idea guys" who can neither communicate their feature requests nor understand their implications.

In short, a hip "seed" version of the company where Dilbert worked.

I think I might give this a shot. I recently posted looking for a developer to work with as a co-founder and only had one bite. I'm going down the outsourcing route with one idea right now. I'm also trying to teach myself Ruby as I type this entry. I've seen lots of complaints here from developers dealing with douchebag MBAs. I'd like to find some developers with some balls to invest their time without putting cash in their hands.

Wtf, their tagline is "apps for equity."

So sketch