Sidepact: start a company with a full-time job

Hm. I’m a little puzzled. If you can’t meet other people to talk, you’ll have problems forming a firm. So my counter-offer to people reading this: meet with each other for lunch every Sunday. It’ll be $15/lunch. After 12 weeks of lunches you will know if you like the people and whether they have thr skills and can form your team anyway and not give anybody anything, especially the 1%. To find people who care, form a meetup, post on HN and Reddit. If nobody replies after 12 attemps, your idea is wrong and change your idea. This method lets you iterate through 5 ideas a year. If you dont have the idea and like coding - there are hundreds of post on how to find the idea. Ping me if you still have no idea. I can give you hundreds of ideas that I have no time building.

> The program charges a $30/week to cover costs and participants must be located in the San Francisco Bay Area. Sidepact takes a 1% equity stake in companies from companies formed during program upon incorporation.

I'd expect for a 1% stake to get something of value in return, like access to investors (angel and seed stage, not VC) to at least pitch the idea to, office hours with successful other company starters, etc. The $30/week covers what you're offering already and it seems like you get the 1% for basically nothing. On the other hand 1% of most of the companies that come out of this is likely to be worth not much.

&gt; Week 7-11: Build, prototype, and validate your solution with prospective customers<p>&gt; The time commitment is Sundays 12-6PM for twelve weeks in fall 2018<p>Is 24 hours really long enough to build something valuable, prototype it and validate it?<p>When I build things in my spare time it takes me way longer than that... but then I don&#x27;t write code full time for a living so maybe I&#x27;m just slow...

It isn&#x27;t cool to try to boost your post with promotional upvotes, whether from sockpuppet accounts or friends. That is against the rules here (<a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;newsfaq.html" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;newsfaq.html</a>) and we ban or penalize accounts and sites that do it.

I would have thought that many companies have intellectual property clauses that grant ownership of all IP to the employer, whether that IP is created on company or personal time.<p>How do you address this?

Cofounders of Sidepact here.<p>We’re looking for ambitious engineers with or without full-time jobs, who want to start a company. Sidepact does the work of matching you with a team and establishing shared commitment on a meaningful problem. It’s like an extended hackathon, with the goal of bringing you to the validation and launch of your startup.<p>That’s our vision, and we hope you’ll join us!

This is a great idea. Can I apply with the following profile?<p>Entrepreneur currently working on scaling a startup I founded a year ago. Have a list of business ideas would like to pursue. Assembling a team is the biggest challenge.<p>Have skills in taking a product from idea to market fit. (technical + marketing)

This is very interesting to me. Not in SF, so I can&#x27;t take advantage, but I&#x27;d certainly strongly consider an incubator service focusing on currently employed entrepreneurs.

Man, this would be great way to soak up a bunch of concepts and then hire out a team of full-timers if those hobbyist founders happen to gain some traction.

Wish there was one for non engineers

how do you get them to keep paying you the 30 weekly fee? how long do they have to pay it for?

but how can I run a company if I have no time after my full-time job?