MichaelPlant comments on Ineffective entrepreneurship: post-mortem of Hippo, the happiness app that never quite was - Effective Altruism Forum

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Comment author: MichaelPlant 29 May 2018 11:49:18AM 1 point [-]

it make make sense to partner up with a company doing something similar, and just offer them the idea (and expertise

FWIW, I considered this and it didn't seem like a good idea. If I'd walked over and said "hey, here are some ideas, take them for free" I doubt they'd have taken them seriously and, if they had, I would have had no control over what they'd done with the ideas or their product and wouldn't have made any money if they'd be successful.

It might work if they'd given me equity in their company in exchange, but it would be crazy, I stress, for a company to hand over equity to a stranger on the vague promise of some good ideas!

I could have offered myself to those other companies as a consultant, but I doubt they'd be interested either ("um, who are you?").

What might work would be to build my own app, get a bunch of users, then try to partner with other people on that basis. That strikes me as maybe useful and is something i would have considered had we succeeded.