I am an engineer in the oil and natural gas industry in Calgary, AB and an aspiring Rails newbie developer. I have several ideas for web apps that in my opinion would do very well in the industry which typically uses outdated and clunky tech such as Excel spreadsheets and Access databases etc.
The exploration side of the business has many spread out areas all with various regulatory requirements and process directed activities which would be ideally suited to a cloud based SaaS model.
I have an app half built but I am at the point where if I keep going with my limited skill set I will end up with a bug filled security lax app.
I have a full time job and growing family and simply don't have the time to commit to such a project but it would be a shame to let such an opportunity to go to waste.
I would be willing to provide the technical specifications etc, all the hosting and other marketing costs etc and share with the developer partner(s) an even share in the future stake in the company. If it dies a slow painful death all you are out is your time and you get to use the code on other projects etc. and I lick my wounds.
If any of this sounds interesting to you drop me a line and we can talk.
You're asking people to work for equity in something that even you don't seem is worth paying to complete. When a freelancer hears, "all you are out is your time", they do a mental calculation of their hourly rate times how long it would take to complete the project. So my time is worth $100/hr, if it's going to take lets say a month to complete the app. $100/hr * 40hrs/week * 4weeks means I'm in the hole $16,000 and all you contributed was a cheap idea. In those terms you can see why most freelancers will never work for equity.
Thanks for the feedback. That's the kind of insight I am looking for as I am pretty much clueless as how the developer world works. I am not opposed to paying for it I am just not at a point where I can fund that. I could find investors but would be further diluting my stake.
You will dilute it either way, unless you have some other source of funding. Either you will need investors, or you will pay in equity, or both. I for one will not work for just equity (unless you can really convince me of both your idea and your business skills). At most I'll take half of the compensation (which will still be market-rate) in equity. Even that can easily become a substantial stake quite quickly.