I'm sure a could read a bunch to find out your answer, but it wasn't quickly enough obvious to me (as a programmer) how you ensure the scope of work is actually equal to $3500 of my time.
Agreed. An example scope of a prototype would be very valuable to see if it's worth the time signing up. Additionally, I'm guessing that rudimentary design skills would be required because there's a helluva difference between a functional bootstrap proto vs designing a product with specific design goals in mind.
I agree with this - I think both parties would greatly benefit from being able to see a "standard" prototype. Over time, I'm sure a that few spec templates could be developed that would cover 80% percent of use cases. It sounds like a scalable model to me.
As a university student, this is really pretty great. I will have the opportunity to work on reasonably sized projects, earn some extra cash, and probably build a pretty sweet portfolio. I even think it would be cool to form student orgs around this - have upperclassmen train underclassmen in the art of full stack web-dev, and then have let two underclassmen jump into one of these projects with the guidance of an experienced dev. Finally, split the profits. If any of the founders are reading this, would you be open to something like this?