We've done this a few times before, with both our internal projects and DB Ventures projects, building products at low to no cost to founders like you.
A MLP is a Minimal Loveable Product that allows you to sell the product and get actual real value to your users. It is the next step up from the much coveted MVP.
It is a product that you can be proud enough of to sell, and to get paying users actively using your business. This can then either be left as is and marketed, or use as a platform to raise additional investment to continue working.
Our founder, Owen is extremely entrepreneurial and has a passion for startups and getting new products built from the ground up.
He has had success in the past, selling four businesses over the last 6 years (ReGadget, Gadget Exchange, Ready Steady Booth and Hula). Currently he is running a successful consulting firm, Digital Basis, that generates great cash flows from working with larger clients. But it is not where his passion lies, and is why he founded DBV.
This works via few methods:
Yes - a small amount to cover our investment into building your product. We will be a minority shareholder, looking at between 5-20% based on how complex your build is.
You must be a Pty Ltd company in Australia so we can be granted equity. If you don't have a Pty Ltd company, not to worry - this is only a small cost to get set up.
We can provide you with details for an accountant who can provide advise on the details. Budget from $700-1,000 to get it right.
Complete an application form and schedule a call to discuss your idea. We will provide an NDA so you can feel secure knowing that we won't pinch your idea.