[codewright]

>What type of horror stories have you worked on?

If you're a developer, then you know what sort of ridiculous proposals are common.

"Build my facebook clone for absolutely zero pay, but I'm feeling gracious so you get 15%!"

I do, however, like the idea of working on granular bits of startups and distributing my risk in a way that makes me more likely to have something take-off than committing to a single startup but not necessarily having any more control than the 'freelancer' mode.

[nathantross]

That's our long-term goal for developers. Think of the projects we'll let developers work on as creating a diversified portfolio of equity. A developer can either work on one project and take more of a lead position, or work on multiple projects over time (from Late Labs and from other startups we partner with), for a specific equity base. We know how much time and effort building a site/app takes, so we understand. And I've seen so many "facebook clones" proposals over time so I know the feeling, where the team tells you that they potentially have a 1Billion user market. We're going to keep away from that and focus on smart business and marketing strategy :)