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5-10% depending on the quality of the developer is what I have done in the past and as soon as we start making cash they start getting paid. Also I only do this
by geoffc 18y ago
5-10% depending on the quality of the developer is what I have done in the past and as soon as we start making cash they start getting paid. Also I only do this deal with folks I know well as it is so much more complicated than standard hiring.
- dazzawazza 18y agoSo much more complicated is an understatement. Complications with IP, firing and sickness spring to mind. If you know the person well you still need to be careful with the contract but you should be less likely to fire them and get into an argument about equity.
- rs 18y agoTo think about it, knowing the person well might even be worse if you end up in a sticky situation. Not only have you just lost a friend, but your reputation as well. Moreover, chances are high that he/she will be in the same social circles as you - which ends up getting even more messy
- geoffc 18y agoTo clarify when I say know well I don't mean friends I mean people who I know have the coding chops to be worth the equity and pitfalls. I'm never had any luck telling how good a coder is without working with them for 3-6 months, after that it is obvious :-)
- racy_rick 18y agoYou could always pay the person. Is that out of the question. Too often the payoff in the end is not worth it for programmers. They could have just worked a nominal job doing something else and actually make more money. Unless there is a surefire payoff, get some investor money and pay them what they are worth.