Dev agency “investor” models: the beef between founders and engineers
Dev agencies allowing founders to pay for product builds with equity instead of cash has been seen as good news for early startup success. However, some have called the practice a scam. In this episode of Reframed, we explore the often contentious relationship non-technical founders have with dev agencies and detail our difference as a “Venture Agency”.
As the cost of engineers has risen and stable apps have become more important to early startup success, surely the growth of dev agencies allowing founders to pay for product builds with equity instead of cash has been good news? Not so according to Prateek Sanjay, who has referred to dev agencies that call themselves “investors” as “scammers”. Furthermore he stated “LinkedIn needs to kick you snake oil artists off this platform for the use of deliberately misleading marketing on first-time founders.”
In this episode of Reframed, we use anecdotes to explore the often contentious relationship non-technical founders have with dev agencies, give our take on the model, and detail our difference as a “Venture Agency”.
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