A co-founding capital 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:
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:
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.