Coding for equity: a point of concern

What are the main critical points in the model coding for equity?.
For the coding for equity is extremely important to the entrepreneur and developer of the greatest possible detail on the agreed scope of work before the project.
If at the initial stage of a inadequate understanding of the scope of work, the project as a result could be ... As I mentioned, the first stage of relations characterized by increased optimism and confidence in the partner ( I would say ... And rightly so, with no confidence and optimism, and the project does not appear to do. but. It takes time, emotional outburst, so characteristic of the start of the project, settles. And comes the stage where the work already done a lot, but the result still far away. At this stage there is often a desire to reduce the amount of work that is humanly understandable. In addition, after a time things can be forgotten, and if the problem has not been spelled out in advance on paper, it may be perceived as new, not specified, therefore, as an increased burden on the developer's.
However, it is still minor compared to the time when the product appears on the market and their customers begin to use. Even if you agree in detail about everything at 100% in advance (in practice almost impossible ), consumers and the market situation will almost certainly require changes to the plan for the development of the product, not some pre- specified improvements. Initial plans are always different from what is obtained by. Therefore, it is a high risk that you can easily zalipnete, such as the dispute ...
What should I do? . Because the implementation of a sudden there are additional requirements for software development - is, at the same time, the success of the business and the root of all evil in the relations between the entrepreneur and developer. This is - a potentially problematic point for those who are going to work on the model of coding for equity.
Therefore, the development team and the entrepreneur initially must have a common strategic vision of how to develop the product and to what end result are all together. Stress - the product must believe both sides, not just ... The motivation of the developers when they work on the model of coding for equity, as a rule of thumb is that they believe in the product, believe in the team, not just work for money. And, if the entrepreneur with the developer agree on a combined model (part payment in shares, and some money), the monetary component should be minimal - and that is the moment of truth when selecting a developer. If the developer is willing to work for the shares, which will in the future - it is said that he believes in the product, and between him and the employer have a great trust, and this - the biggest motivation to do anything to the project was successful. And also a guarantee that the dispute for the development of additional solutions, IT- side will be guided by business interests rather than their personal.

Maxim Shkolnik.

part 1. http://dennydov. blogspot. com/2010/10/coding-for-equity. html.
part 2. http://dennydov. blogspot. com/2010/10/coding-for-equity_13. html.
part 3. http://dennydov. blogspot. com/2010/10/coding-for-equity_14. html.
part 4. http://dennydov. blogspot. com/2010/10/coding-for-equity_6827. html.

Max answers questions. http://dennydov. blogspot. com/2010/10/coding-for-equity_15. html.