Question
I want to develop one project to support young professionals in Europe. In the team I have the designer (me) and 1 talent for PR and marketing. And we really need a developer because, apart from the local events, the project will also have an application in browser. This app is very important for the project evolution. So we really need a developer to enroll with us in this journey.
However, the challenge is that we have no funds at this point. I just started with the idea 2-3 weeks ago, and now we are defining the overall strategy. So it might take time to raise money. However, I will also consider loaning money to pay the developer.
So, could you kindly advice how should I attract a good developer and make him stay all the way for better or for worse?
Thank you!
Raluca
Answer
A blend of retainer ship and equity (may be sweat) should be the optimal way to move forward. Retainer ship will make the developer be serious about the roles/responsibilities and equity will provide enough value to possess holistic outlook of future. Just make sure the individual shares the passion of working with a startup and is open to count his/her individual growth with business.
Look beyond the usual suspects i.e. someone on a job hunt. Your requirement isn't for an employee but a kick-ass individual seeking startup date.
