Hi
We are an offshore company and have developed various corporate applications and few ranging to top download both on iPhone & Android. We charge only $ 30 an hour ! I feel like , i am charging lowest but have developed some really interesting applications ! We also developed ODesk's iPhone App ( those are considering using elance , ODesk etc ) !
I worked with Dan on making iPhone Application using TS webservice. Without any doubt, world wont be same without Dan - He was a great person !
My condolences to Tom, and Dan's friends and family
Wow, this is amazing. My startup, which i submitted for YC startup, which focussing on developing IPhone applications, faster , better and cheaper only charges 30 US $ an hour. Might be because, we are an offshore company. www.geniteam.com
I am looking for a partner for the VC application, let me know if you are interested.
Khurram Samad
Hi
I think basic reason would be learning from Technoprenuers and mentors, because we dont have much success stories within Pakistan. With 15 K US $, we can support a team for 3 months.
However, more important perspective is : Can we become a brand for building IPhone Applications faster, better and cheaper ? Can we build applications and charge subscription for maintiance ( we already are charing small amount ) ? Is the segment lucerative enough to make good profits for next 2-3 years ?
This is right analysis. However, ROI might be lesser but risk of failture would be lesser as well ? But, there is chance that we *"might" become a brand for IPhone apps development. If you can build reuseable libraries, then i beleive you can scale faster ?
Venture investors are not looking for things with a low risk of failure. In fact, all other things being equal, we're looking for the things with the highest risk of failure-- like starting a new search engine in 1998.
It's not that they like risk the are just more willing to invest at high risk than most people. Would you drop 10 Million for a 1 in 500 chance of 10 Billion dollars? It's a good bet bet but it can take a while before your first hit.
You have to understand how investment works. The reason it [the risk-focused pitch] works well is because if there is no risk, there cannot be commensurate reward. I'll repeat it. If there is no risk, there can't be reward. If it's not a risky opportunity, then there's no reward of equal dimension. If you come to me and say, "I've got a risk-free investment," the first thing I know is, there's not much money to be made. There's no free lunch in this world.
We have a mixed model : We have developed few reuseable components for quick IPhone development. However, people using those would be developers. I dont have the numbers though. You might consider reviwing our startup at (www.geniteam.com).
