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Build your essential single-feature MVP that you want customers of your app to utilize it for. Test it in the market and use customer feedback to improve the app in later stages.

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Production
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Get a discount to accelerate your production

If you budget is exhausted but you intend to move further post idea validation, we provide discounted services that can be utilized under practical conditions. More information is provided in the FAQ section below.

Choose Tech387 as your Technology Partner for production phase and claim your discount!

For more information, please refer to the FAQ section below.
Get a co-founding discount

Co-founding discount

Build your essential single-feature MVP that you want customers of your app to utilize it for. Test it in the market and use customer feedback to improve the app in later stages.

0%

equlity

- $10,000

1

- $20,000

2

- $100,000

5

- $200,000

10

- $300,000

15

You will save  $xxx,xxx  on total product development!

Project Phases

POC
MVP
PROD

Team structure

Product Manager
1X
UI/UX Designer
1X
Backend Developers
1X
Scrum Master
1X
Solution Architect
1X
Frontend Developer
1X
Mobile Developer
1X

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FAQ

What does it mean to get a
co-founding discount?

A co-founding discount is not just a simple discount. It is a commitment for both sides to engage deeply in the product development journey. 


You can perceive it as a seed investment that aims to accelerate your product development. In return for discounted services, Tech387 claims an equivalent product equity governed by the Simple Agreement for Future Equity (SAFE) contract. A SAFE is an investment contract between a startup and an investor that gives the investor the right to receive equity in the company on certain triggering events, such as:

  • Future equity financing (known as a Next Equity Financing or Qualified Financing), usually led by an institutional venture capital (VC) fund
  • Sale of the company


The startup accelerator Y Combinator introduced the SAFE in late 2013, and since then, it has been used by many startups as the main instrument for early-stage fundraising.


In reference to the SAFE contract, Tech387 offers the following standard discount rates on total development costs:

  • -10,000 USD in exchange for 0.5% equity;
  • -20,000 USD in exchange for 1% equity;
  • -100,000 USD in exchange for 5% equity;
  • -200,000 USD in exchange for 10% equity;
  • -300,000 USD in exchange for 15% equity.


Our partners often choose to claim their discount when they:


Demand our full accountability for the product's success

An investment of our own implies our full accountability and commitment to the success of your product. This effectively unlocks access to a wide range of experienced specialists with different expertise (developers, designers, testers, business analysts, etc.) who can always support the product development to maximize its chances of future success.


Struggle to completely fund their project

Founders seek to make the most out of their investment, which often implies demanding more than can be funded. When the optimal sweet spot between a project's scope, duration, and budget is exceeded, Technology Partner will often descope the project or ask for an extended delivery timeline, which effectively stretches the budget. Alternatively, we provide a co-founding discount to maintain your desired scope and pace of delivery with the objective of maximizing the chances of your product's success.


For more information, we encourage you to visit our Co-founding page or contact us by filling out the contact form.

Can I get a co-founding discount for the Dedicated Team model?
Tech387 provides a co-founding discount only for the Technology Partner production model. We do this because the nature of Dedicated Team model does not allow us to fully invest ourselves in product development from the perspectives of being accountable for choosing the right tech stack, having control over management, and maintaining the desired pace of delivery. Due to these factors, accelerating and boosting the development of products we do not have full control over would practically not work. 
What is the best POC and/or MVP approach for my product?
Tech387 provides three basic options for building your POC and/or MVP at different cost levels. Your decision will depend on the validation of your idea, testing requirements, and dedicated budget.

If your idea is complex and calls for the validation of multiple hypotheses or different user flows, a Custom POC will be the way to go.

In the MVP phase, your product complexity might demand custom backend development. You can choose to go with a pragmatic solution and use a mock backend with the Piecemeal MVP approach if your budget is limited. However, should you decide to move on, you will have to pivot your solution to the real backend.

Otherwise, if your idea is validated and you are certain to pursue it further, we strongly suggest developing your backend by choosing the Custom MVP approach, as it will prove cost-effective in the long run. 

If you are still unsure about the best approach, we encourage you to consult with us by filling out the contact form.
What is the best engagement model for my production phase?
Tech387 provides two production engagement models: Technology Partner and Dedicated Team. Both approaches to product development have their pros and cons, so your decision will be most likely based on the following factors: 

Product Management
If there is an experienced Product Manager on your team who is skilled with technology, product design, and product management, then you can compose a dedicated technical team that will be led and managed by you. 

Accountability for Technical and Management Risks
If the above is true, decisions made by your team will carry technical and management risks related to choosing the right technologies, managing the team, and controlling the full product development life cycle. 

Pace of Delivery
Managing an outsourced dedicated team in most cases means slower development and delivery. Communication, differences in time zones, and cultural barriers are just some of the factors that may slow the delivery process down.

For all the reasons mentioned, the Technology Partner approach ensures accountability for product management, risk management, and pace of development on our side. Given our experience and history of launching successful products, we possess the expertise to take these burdens off your back and let you focus on the business side of things.

If you are still unsure about the best approach, we encourage you to consult with us by filling out the contact form.

Get in touch with us

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