A unit is a cluster of people. Often a designer, an engineer, and a senior member. Depending on the sprint one or more members will assume temporary leadership of the unit, work on the task and communicate to all stakeholders. Resources move in and out of units based on opportunistic and temporary skill demand

It helps us put a consistent number to our risk. For the venture, it gives visibility to expenses. Is it perfect? No. It is cheap for many. An understandable stretch for some. But above all it helps avoid long negotiation cycles on milestone-based payments, which are better spent in development. We profit from product sales revenue and venture growth, so we are biased to product realisation. A flat rate strikes the best balance of risk for both parties, time to market, and removes layers of administrative tasks.

We start with a project plan with milestones on 50% of our engagements. 35% of these have over 40% deviations. This is simply the nature of development projects. We prefer to also create a Playbook – we have many – that use design properties we have already created and run weekly sprints. This allows us to save time, be flexible with skills needed, track outcomes closely, plan new sprints, and pivot when new information is revealed.

15min, 4 days a week, OR a 90min Zoom/ Meet/ Teams call a week.  We recommend face to face once a month where possible. Less frequently if international travel is needed. 

We understand ventures are often weeks away from running out of runway or need to prioritise investment elsewhere. You can Stop and Restart anytime. Time tracking and work summary will be captured weekly on a spreadsheet. Development and Post Launch Support will be stopped on non-payment of dues.

This depends on the type of product and type of request. On average, users receive first ID concepts within two weeks. Engineering ideas can take longer to refine. You benefit from real-time communication on a Microsoft Teams Channel or a tool of your choice. The complexity of the task, nature of your change request and/or the number of active tasks affect delivery times within sprints. Most projects are completed between 4 to 15 months.

Fast only counts when it’s right. We move forward with discipline and purpose. Product Development needs real expertise, and you cannot outsmart, brute force or hustle your way through it. Cutting corners ultimately squanders time, money and, often, brand equity. There is a price + units decided at the start, but where absolutely necessary we can Scale up, Scale down on demand.

Till the end of the Royalty Period, we both own the outcomes of any custom work done for the project. 

After the royalty period, you own it all! 

We use prior art i.e., design libraries and 10,000 3D CAD features to speed up work. And industry playbooks. Those remain with us, but you carry the learnings with you.

The monthly flat rate covers about 25-60% of our actual costs. For Seed Stage ventures, Transfer of Shares is attached to specific design and development milestones. We rely on an institutional investor to negotiate a term sheet and decide aggregate based on those terms. We typically have no anti-dilution rights or provisions. Royalties are paid to us at the end of each month once sales are stabilised. This is not a standard deal. But most look like this.

Once we agree to work, in <2 weeks we will prepare a Master Service and Licensing Agreement, and Scope of Work documents. These documents have resulted in numerous products and we’re confident they fit most asks. Once the agreement is signed, we put together a team usually in a week. How quickly it is signed depends on you.

Our Royalties are reasonable. Over time, we have worked out figures that leave enough cash flow with the venture to invest in growth, and still, fund our investment in managing changes and derivatives. The advantages

•   Bang Design has its skin in the upside (and downside) and will do all that it can to ensure market success
•   Brand/ Venture does not have to ask for repeated quotations and release purchase orders for design changes. The administrative time/cost saved is immeasurable.
•   Development of reasonable derivatives and warranty is built into the Royalty

We are open to warrants or options over equity, and revenue redemption

Usually, do a 1-time equity transfer closer to the start of the first program. Every other product program is managed with Cash and/or Royalties on Sale.

The same way we would hire for ourselves. We know what skills and attitudes are required for a product. And look to find the right person that would also fit into both our cultures, at a cost that works for you.

When the product is launched, or at some reasonable ceiling. We remain flexible.

Yes. You can download the Mutual-NDA format below. We’re migrating to a new digital signature partner. Bear with us on that.

There is a reasonable amount that can be accomplished in a month’s time. We do NOT support skills such as Digital User Experience, Branding and Packaging design. We are happy to introduce you to partners.

We cannot do a work-for-equity agreement with ventures in some countries.

Rarely. But it happens. This simple rubric has been mostly true for us: If it does not feel right at the start, it is going to end up wrong. The most common reasons why engagements have failed for us are, in no particular order, Inter-Founder Squabbles, Founder Investor Squabbles, Lack of product and venture clarity, breakneck speeds with full feature delivery, Investors and/or Founders have litigious tendencies (We will steer away from any visible toxicity), Non-payment of dues. The rarest is the lack of product-market fit.

We take a break 3 times a year, 1 week each, informed in advance, for rest and training.  There are some forced local holidays. On rare occasions, a team member may not be immediately available. Just as often, additional resources step in for particularly hard problems, working through declared holidays.