Re: [dcphp-dev] Re: Technical Angels

Neal,

Good question!

Regretfully, I am no longer going that route. Though I won't knock the next person for doing it, I just can't see myself working solely for equity for a long time to come. In a couple of instances, friendships have subsequently been ruined!

However, if you're currently flirting with the idea, consider it only if you...

1. Are single and don't have other mouths to feed
2. Are the genius or creator behind the cool new technology or service
3. Co-founded the enterprise with your own capital & resources
4. Don't have high-blood pressure & are fairly even-tempered
5. Don't mind waiting months for payment

Otherwise, insist on getting paid for your hard work up-front. You can do this via a combination of...

1. Working on a micro- or short-term project specific to the success of the start-up through a written agreement--expecting sufficient payment. Essentially, don't sign up to be "Chief Architect."
2. Ensuring the start-up can & will pay you HOURLY for any medium- to longer-term projects. Once again...don't place the orders for any business cards reading "Distinguished Engineer" just yet.

In the end, the choice is all yours. Know though, that the odds are usually not on your side in terms of start-up glory.

John

On Thu, Aug 23, 2012 at 9:12 AM, Neal Anders <neal.anders@gmail.com> wrote:

There was blog post I read yesterday called "How I negotiated my startup compensation" by Michelle Wetzler - http://blog.keen.io/post/29904565692/how-i-negotiated-my-startup-compensation

The TL;DR version: It should ideally be a mixture of salary, benefits, and equity.

- Neal

On Wednesday, August 22, 2012 9:18:31 PM UTC-4, bwdev wrote:

Hello,

I've been in the PHP world for a while and have worked for a few companies large and small over my career.  A few years back, I launched my own mobile startup and am considering launching a general custom dev shop now.  One concept that has interested me lately is the idea of being a 'technical angel'.  While we all still have to put food on the table, are any of you taking on work in exchange for equity?  As an investor gives their money, are you giving of your tech services?

I'm just curious to hear if others are going this route and if so, how it's working.

Thanks,
Eddie

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