On Topic: hammered on pay

From: Eric Wolf 
------------------------------------------------------
Taylor,

The un-established shops generally pay MORE than Government, Universities,
etc., to make up for the instability. The only way to avoid paying more is
to grant equity in the company that, within 24 months should be real enough
that a bank would accept it as collateral for a home loan.

You are competing with every other "cool" start up out there. If you can't
afford to pay the going rate, maybe the problem is you aren't charging your
customers enough. It's an easy trap to get into:

Second Site: "Wow! We just convinved Mitsubishi to give as $10,000 to do
this project!"
Mitsubishi: "We're going to give these guys in Tennessee $10,000 and see
what they can deliver. If they fail, we're only out 10% of what we were
planning to spend. We'll just reduce the project requirements a little and
pay the $90,000 to the established company."

Been there. Done that. Can't afford my mortgage at $45,000/year.

You may be able to do this by hiring 3 young turks who may even still be in
high school at $45,000/year and one "mentor" at $90,000/year. Prepare to
have to hire new young turks every 2-3 months.

-Eric

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Eric B. Wolf                           720-334-7734





On Thu, Aug 2, 2012 at 3:25 PM, Taylor McDonald
wrote:

> Greetings chugalug,
>
> Glad I get this bundled once a day!  I am grateful to be able to tap into
> this stream of knowledge.  That is one of the great strengths of the
> internet, is access to knowledge. Not entirely sure that I followed the
> entire thread...;)
>
> You are right, 45k ain't a lot of money, less than half to a third of what
> a true technologist is worth. Established shops are able to pay this. And
> the federal government, and universities. We will get there.
>
> What we do have is an amazing opportunity to solve institutional problems
> with augmented reality.  Second site is making fantastic progress into AR
> which will change the world more than when Gore invented the internet.
>
> This is an entire new frontier of technology that we are making headway
> into. I am proud to say, we haven't borrowed a dime (nor mtn trustafarians)
> and have been able to develop projects with Mitsubishi Electric,
> Smithsonian Institution, and several others.
>
> When we are able, we will pay a developer what they are worth. We are
> focused on building a culture of stewardship of resources and talent. We
> seek out the win/win.  Always.
>
> Best,
>
> Taylor
>
> 423.486.8562
>
>
> 

=============================================================== From: Mike Harrison ------------------------------------------------------ And what you are really doing, with such math is getting $45k of work out of the mentor, as the other $45k worth of time goes into teaching the young turks, in which case the value of the young turks pay, plus 50% of the mentors, gets tossed when the young turk springboards to an established company paying rates. It's an expensive process, I've done a lot of t lately.

=============================================================== From: Ed King ------------------------------------------------------ ----- Original Message ---- From: Mike Harrison And what you are really doing, with such math is getting $45k of work out of the mentor, as the other $45k worth of time goes into teaching the young turks, in which case the value of the young turks pay, plus 50% of the mentors, gets tossed when the young turk springboards to an established company paying rates. It's an expensive process, I've done a lot of t lately. ------------------------------ The "newest" member of our programming team has been here 4.5 years... this month marks my 5 year anniversary... its nice to work with a steady team if only...