What if I started a company that creates MVP for startups?

[frostbytes]

I'm talking about 1000 - 1500$ barebone minimal viable products for university student level startups, I know many people who can get the funding for such a small budget, but I'm also willing to build them a beautiful application that mainly investors can look at and say "wow". On top of the 1500$ maybe I could get a small contract for extended work once the startup gets more funding, if I multiply this by 10-15 startups each at 1000 - 1500$ basic mvp applications, and also be an investor on all of them, the chances of 1 getting some serious funding could result in a 6-12 month contract of work.

I can reach out to every single incubator around the big cities like Toronto, Ottawa, Hamilton and build a beautiful portfolio of work, which can translate into being hired by bigger companies. All I need is a team of 2-3 developers who can build other MVPs while I build also..

what do you guys think?

[brudgers]

University students have disposable time. They do not have disposable income. Sophisticated investors will look at the potential of a team more so than the aesthetics of the demo. So here's how I see it.

Selling $1500 worth of services takes approximately the same effort as selling $5000 worth of services. It takes slightly less effort than selling $10,000 worth of services.

The overhead of a $1500 job is proportionally much higher than the overhead of $10,000 job. The expectations of $1500 job are proportionally higher. And inexperienced clients and young people are the most likely to try not to pay and to not understand negotiation and rarely come in with a win-win approach.

The key to having long term consulting contracts is to have good clients who are in the habit of paying consultants for long term work. Because such clients do not have to be educated on the benefits and costs.

Good luck.

[jetti]

You're just describing a consulting company that targets low income clients. It would be a hard sell because the market is limited and in order to stay in business you need either more customers or charge more. This wouldn't be bad as a part time gig but I imagine it would be hard to run as a full time business.

Edit: You are going to compete with those who can also develop that are in the start up scene as well as those on upwork. Taking equity would also make it a harder sell and limit your market even further. Nobody is going to want to hire you to make their product if you are already invested in their competitor.