Brian,

An Equity Stake in the company?

What?  No lunch?  No carfare?

Basically, I would become a temporary creditor IF they don't fold.

I can eat a steak, I can't eat a Stake.

Rob


----- Original Message ----- From: "Bob Gulian" <[email protected]>
To: <[email protected]>
Sent: Wednesday, February 04, 2009 10:34 AM
Subject: Re: [nyphp-jobs] seeking coder/designer


Excellent links, Brian. I personally, have never worked under this kind of arrangement. Possibly it will be more common with the economy in the state that it is. There are different kind of equity arrangements. Ten thousand shares of stock for "when the company goes public" has got a far less chance of paying off than a partnership (a share in company income and direction).

Bob

----- Original Message ----- From: "Brian Dailey" <[email protected]>
To: <[email protected]>
Sent: Tuesday, February 03, 2009 12:55 PM
Subject: Re: [nyphp-jobs] seeking coder/designer


Are there actually (good) developers who take companies up on offers like this? I don't know any, but maybe they're out there somewhere.

If a company is not profitable enough to pay a developer, how is its equity worth anything?

A good essay on working for free:
http://codeclimber.blogspot.com/2008/04/all-i-need-is-programmer.html

And good questions to ask any company that asks you to work for equity:
http://codingforums.com/showthread.php?t=114606

- Brian D.

David Freeman wrote:

Startup editorial website for men seeks talented coder/designer, ideally in NYC area,
to fill chief technology officer position. Compensation will in the
form of an equity stake in the company. Site is built using open source
blog platform MODx. Please email [email protected] <mailto:[email protected]>.

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