finding developers to work for equity!

7 replies
Hey guys,

Quick brief about myself. I currently make a pretty good living running a few different online biz/sites, but my dream has always been to create a start up that can sell for $10m +

I've been cultivating an idea for the last 2 years and think I've got the concept down fully and ready to develop.

What I'm looking for now is a developer/creative guy(s) to work for equity. We'd obviously go over terms and set up all the legal biz stuff.

Any idea where I can find people like this to connect with ??

Thanks!
#developers #equity #finding #work
  • Profile picture of the author MidlandsMarketer
    Originally Posted by adrwcav View Post

    Hey guys,

    Quick brief about myself. I currently make a pretty good living running a few different online biz/sites, but my dream has always been to create a start up that can sell for $10m +

    I've been cultivating an idea for the last 2 years and think I've got the concept down fully and ready to develop.

    What I'm looking for now is a developer/creative guy(s) to work for equity. We'd obviously go over terms and set up all the legal biz stuff.

    Any idea where I can find people like this to connect with ??

    Thanks!
    It won't be easy to find, a lot of these guys will need cash in the now to feed their families, pay their bills etc.

    You could possibly find more luck with a cash+equity deal, though I'm certainly not saying you won't find any talented developers who would work for sweat equity as opposed to an immediate payout.

    In terms of where you could find developers, I'd suggest not going down the route that I'm positive you'll have parroted to you in a number of replies 'go to a freelance site blah blah blah...'. :rolleyes:

    I think if you're serious about creating a high quality startup business that can be resold for $10m (although why stop there? ), you need to be more creative in finding your guy.

    Try and hit up college campuses where they have strong computer science/programming courses, either through college email if you can access it or by distributing flyers. Other suggestions I can think of are any place that developers are likely to hang out- clubs, discussion forums etc, all will be filled with the kind of talent that you're looking for.

    Whatever you choose to do, I wish you the best of luck in finding some awesome developers, and success in your business endeavour!
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    • Profile picture of the author Brandon Tanner
      As MidlandsMarketer mentioned... you are going to have a hard time finding a good developer to work for equity. If you were a big name already, then things might be a little different.

      You have to put yourself in the developers shoes... they have monthly bills to pay, and most of them are not going to want to risk all the time and effort involved with a big project, where there is a big chance that they may not ever make much (if any) profit from it.

      You would probably have better luck getting an inexperienced programmer to go for something like that (like a local college guy, as a few others have mentioned), but working with inexperienced developers can present a whole new set of challenges. Because while a lot of them know the 'fundamentals'... most of them don't yet understand 'best practices', and trust me... that can cause a LOT of headaches down the road.

      My advice... if this is a big project that you truly care about... then save up until you can afford to hire a good, experienced developer right from the start. Or someone who has at least a few years of 'real world' (ie post-college) experience.
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  • Profile picture of the author jacktackett
    I agree with Midlands- if you are not in the industry already head to nearby college campuses and talk with the Professors there - get recommendations and proceed. equity partners are like spouses - make sure you can work together and definitely get a lawyer to draw up the required documents. If there are any networking groups for entrepreneurs in your area attend a few and network - not only looking for programmers - but you're going to need an entire team at some point so start looking now.

    I've hired a lot of college folks for programming work and find them up to speed on the newer technologies, willing to work long hours, and enthusiastic. They typically don't need to feed a family yet - just themselves. So if they do need some $$$ up front its not to the same level as someone already out in the industry - and typically if you hit it off they will work for equity.

    You can also look to Craig's list - but you're going to get flooded by people in graduate school and foreign countries looking for work to get into or stay in the US. You will get responses - but the signal to noise ratio will be a lot lower than if you go directly to the sources (campuses and networking events).

    Good luck,
    --Jack
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    • Profile picture of the author Fernando Veloso
      Originally Posted by jacktackett View Post

      equity partners are like spouses - make sure you can work together and definitely get a lawyer to draw up the required documents.
      This ^^.

      I am in the middle of a similar situation and this is the "hard" part.
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      People make good money selling to the rich. But the rich got rich selling to the masses.
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  • Profile picture of the author adrwcav
    Wow guys, thanks for the replies! I don't know how I missed thinking of going to college campuses to find people. This coming from a guy who just graduated in 2011. I'm sure I could work something out with a professor and student where the student could get credit for the class and equity!

    Midlands- you're deff right, i don't want to go the freelancer route and get bombarded with request for upfront cash. And yeah, i don't believe in setting any limits, $10m has always seemed like the life changing number to me.

    Jack- thanks for the CList tip, I'll prolly throw and ad out there to see how it responds.
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  • Profile picture of the author mosthost
    Why not raise capital and hire people?
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  • Profile picture of the author jacktackett
    There's an old saying in the start up world - if you're not embarrassed by the code you wrote for the first few versions - then you were taking too much time to write it.

    Worry about getting something to market that works - getting it to confirm to best practices can wait for when you have more time/money/resources (which for a start up are the same thing and usually in scarce supply).

    best,
    --Jack
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    Let's get Tim the kidney he needs!HELP Tim
    Mega Monster WSO for KimW http://ow.ly/4JdHm


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