Hey HN , Some of my close friends ( 5 to be exact ) have recently started their own company , currently they are just doing some remote and local work . They have a plan of creating a product in the near future.<p>At the moment they are doing this idea hunt contest (http://www.chronosolutionz.com/wp-content/uploads/Idea-Hunt.jpg).
Although I don't agree with their prizes at the moment ,but I think they can be convinced in converting their prizes to equity.
I would like to ask the community two things.<p>i. What do you think about this ?
ii. Would anyone be interested ?
iii. How can they improve this idea Hunt event ?<p>By the way I am not really directly involved in their company , but I was one of the first few who knew about it and also I was the one who suggested them this name. (without the z at the end actually )
I don't understand their prizes at all. You get a 10% profit share for winning, which "will continue until that idea will be live".. so you get a 10% profit share of, presumably your idea is what they mean by "that idea".. until it's launched ("live")? If the profit share is of anything else they might need to show what, their website has no projects and no products, nor any data.<p>Also no offence or anything, but their current web presence (as far as I know just this website) doesn't really suggest they can produce a web product. I'm not sure why I get the impression that's the type of product ideas they're looking for, but it is. Their source code has some seriously bizarre errors too (>1 html, head, body tags). I know it's unfinished and whatever, but just a standard landing page would have worked a lot better I think. The form's pretty unclear too, what sort of file do they want and what should it contain?
Can't see it on firefox. Image is broken or something.<p>But if there's not equity then you're company is not as good as other companies like yours. Namely Originate seems like a competitor and they give you equity.<p>They're located near UCLA btw.
Here's one for free: <a href="https://news.ycombinator.com/item?id=6203196" rel="nofollow">https://news.ycombinator.com/item?id=6203196</a>