I think it is very interesting and creative offer. I am software developer who tried to build many different products. From my perspective money was never a problem. The problem was to find partner who knows how to promote and sell product. Or at least someone who want to learn it.
IMHO this person is worth its 50%. Or 33% if there are 3 founders (marketing, programmer and graphics designer). Even without any up front money. So this $5000 makes this offer even better.
For me this proposition would look better if instead of money it would contains some milestones. At each milestone we will define some metrics and based on this metrics we will decide if we move on or pivot/drop the idea. For example:
M1. Agree on problem we want to solve and the way we reach our customers. I would love to change the world not just make money. Can we agree on it? etc.
M2. Create and promote MVP. Example metrics: how many people clicked learn more button?
Good partner is more worth then invested money. But that's of course my point of view. I don't need money and can spend half my time building the product (The other half need to make living :-) )
But I believe for many people it could be great offer. And I wish you best luck. Would love to hear how it turns out.
For me this proposition would look better if instead of money it would contains some milestones. At each milestone we will define some metrics and based on this metrics we will decide if we move on or pivot/drop the idea. For example:
M1. Agree on problem we want to solve and the way we reach our customers. I would love to change the world not just make money. Can we agree on it? etc.
M2. Create and promote MVP. Example metrics: how many people clicked learn more button?
Good partner is more worth then invested money. But that's of course my point of view. I don't need money and can spend half my time building the product (The other half need to make living :-) )
But I believe for many people it could be great offer. And I wish you best luck. Would love to hear how it turns out.