I think it depends on what equity is on offer and what the pay reduction
is. Plenty of gutsy developers out there looking for an opportunity with
the right startup and aware of the risks and benefits. Obviously Mick is
able to attract that kind of talent.

I know plenty of people who work at startups in Melbourne and Sydney for
reduced salaries with equity, including at Tweaky.com

On Thu, Nov 1, 2012 at 1:54 PM, simran <sim...@dn.gs> wrote:

> Hi Dean,
>
> I think you'd be surprised how many work for equity only - just not "full
> time" - if the contention is that they work on equity for one company and
> do nothing else, even a 1% rate would honestly surprise me (people gotta
> pay the bills :) - but certain number of hours per week, i think we'll all
> be pleasantly surprised.
>
> On that note, i am happy to work on equity only for certain
> projects/businesses - profile at: http://www.linkedin.com/in/simrang and
> i also have a designer (his work is not yet up, but will get it up there at
> some stage; he is an exceptional mobile app designer (iPhone,
> i"Everything", Android) whom i pay, but use his time to gain equity in
> other businesses.
>
> simran.
>
> On Thu, Nov 1, 2012 at 12:51 PM, Dean Collins <d...@cognation.net> wrote:
>
>> Mick Liubinskas posted a comment on Facebook recently but I questioned
>> how many Sydney based developers are prepared to work for equity (or are
>> already working in an equity only based startup situation).
>> - http://www.facebook.com/mickl/posts/544766738871219
>>
>> If you are “reply to this post” with the URL of your startup and how many
>> people in your team are on no salary and are working on straight equity
>> deals.****
>>
>> ** **
>>
>> Can someone also let me know how many people are on the Silicon Beach
>> email list so that we can gauge if its more than 1-2% of the list at most.
>> ****
>>
>> ** **
>>
>> ** **
>>
>> (as a side note if you are on this list but looking for an equity only
>> startup post a link to your LinkedIn/GitHub/portfolio page as I’m sure
>> there are other people looking for you but this is ONLY for people
>> interested in taking equity only roles in new startups)****
>>
>> ** **
>>
>> ** **
>>
>> ** **
>>
>> Regards,****
>>
>> ** **
>>
>> Dean Collins****
>>
>> *d...@cognation.net *****
>>
>> +1-212-203-4357****
>>
>> +61-2-9016-4652  (Sydney in-dial) ****
>>
>> +44-20-3129-6001 (London in-dial)****
>>
>> ** **
>>
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