FAQ

Will you accept any startup?

We are very particular when selecting startups to work with. We invest in founders who hold deep domain expertise (we look for founder-market fit) and seek companies that have strong revenue models.

It doesn’t hurt to reach out to us for a conversations. Use the contact form or send an email to info@onewaylabs.com

Will you sign my NDA?

Probably not. We hear ideas all the time and don’t want to be put in a position where we can’t work with someone else because they had a similar idea. We promise that we will never frivolously share or expose your idea to the market or to your competitors.

What is an MVP?

A minimum viable product (MVP) is a development technique in which a new product or website is developed with sufficient features to satisfy early adopters. The final, complete set of features is only designed and developed after considering feedback from the product's initial users.

An MVP has three key characteristics:

  1. It has enough value that people are willing to use it or buy it initially
  2. It demonstrates enough future benefit to retain early adopters
  3. It provides a feedback loop to guide future development

The benefits are being able to:

  • Test a product hypothesis with minimal resources
  • Reduce wasted engineering hours
  • Get the product to early customers as soon as possible

How long does it take to build an MVP?

We strive to build the MVP in 6-8 weeks. We will work with you to shape your MVP into something that can be built within this timeframe.

How much does it cost?

Our MVP rate is $150 per hour and we will typically work 60 hours per week of work for 6 weeks. This includes a mixture of developer, designer and product/project management time. On average you can expect to spend close to $60,000 on an MVP.

How much equity are you asking for?

It all depends. It can range from 2%-10%.

What if I don’t want to give up any equity?

We’re happy to help at our standard rate which ranges from $150 - $250/hr depending on the scope of the project and resources required. For most projects we have a $50,000 minimum.

What resources will be made available?

In addition to our founders’ expertise and network, One Way Labs has a team of 8 designers and developers who rotate into and out of projects according to needed expertise.

What if we’re already established, or don’t quite fit the definition of a startup?

Contact us, let's see if there are ways we can work together.

What happens after launch?

Besides becoming best friends, we’ll support you for 6 months post launch with questions, bug support and troubleshooting.

We will help you in building your technical team. And help in later stage funding rounds, if needed.

Anything outside the scope of the MVP would require additional investment based on our currently market rates.
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