Re:Ask YC: How can you recruit and reward non-founder progra...
by moe on Wednesday January 21, 2009 @10:08AM
(#443295)
We're in the same boat here and found equity share plus an adequate (although not exactly "market level") honorary a good balance.
It lowers the barrier of entry for the would-be partner because he'll at least get something out of it immediately which is still better than working on promises alone. It's also attractive for us because we obviously don't want to give away too much of our equity early on. Remember: equity can only be given out once, cash will hopefully be a regenerative resource.
Btw we're looking for flash devs, drop me a line if interested.
It lowers the barrier of entry for the would-be partner because he'll at least get something out of it immediately which is still better than working on promises alone. It's also attractive for us because we obviously don't want to give away too much of our equity early on. Remember: equity can only be given out once, cash will hopefully be a regenerative resource.
Btw we're looking for flash devs, drop me a line if interested.