3 ms·
To put it bluntly, this is going to be your biggest problem: This is a founding role so there’s no salary until year two. You’ll get a healty share of equity a
by kls 16y ago
To put it bluntly, this is going to be your biggest problem:
This is a founding role so there’s no salary until year two. You’ll get a healty share of equity and the opportunity to build a solution that doesn’t currently exist
I am not trying to rain on your parade or discourage you but, I don't want to sugar coat the reality of what you are looking for is tough to find either. With no salary you are going to have to look to lower your standards.
The title you are looking for with the job description you provided is a CTO and one with previous experience and 5-10 years under there belt, if successful can command $150-$200k on the open market.
Further, many already have an existing network of people looking to recruit them into their ventures or most importantly they have there own ideas that they would rather pursue for a larger equity stake than you can offer if you are not offering a salary. Essentially what the prospect hears is; come work on my project for free and we will give you 20% if we make it, meanwhile you are competing with the reality that the prospect is thinking well I can work for free on my own idea and keep 100% if I make it.
So the reality is you have to find someone who, really, really likes your idea, and unfortunately you ad says nothing about it, you pretty much have to explain you idea in black and white and hope someone of that caliber really likes it. Just to get them to look your way you are going to tell them who you are, what you are doing, why it matters, and how you plan to make it successful. It is no different than pitching a VC, you are asking this person to invest in your vision with their time. You have to give them a reason to be interested. Take your ad from above and imaging that that was going to be your pitch to get VC, would you use it? If not you are going about getting the person you want all wrong.
- techdummy 16y agoThanks for your honest feedback. You're not raining on my parade at all. I'm a realist. I agree and see the challenges you point out. I'm not being specific on the concept b/c the patent filing is in process and, like most founders, I'm totally paranoid (my partner is worse) that someone will steal my brilliant, gazillion dollar idea. Guffaw all you want. I realize how naive I sound. However, we already have clients and investors lined up. and the prototype being built. So, we're a bit further along than just a dollar and a dream stage. Thanks for your very thoughtful and helpful reply.