Comments on: Startups: Hire Workers for Zero Dollars

By: TDave

TDave — Tue, 13 Nov 2007 11:26:00 +0000

I remembered reading this post a while back. A partner and myself are talking with a developer right now who I have worked with in the past. We were going to give him a stake in the company. I am glad I revisited this post. Revenue sharing sounds much better. Thanks for sharing the information Scott.

By: Work at Home - WhyDoWork Insider Blog » WRevenue.com: Learn from Someone who Actually Makes Money Online

Mon, 29 Oct 2007 10:25:26 +0000

[…] Startups: Hire Workers for Zero Dollars - I like this one because this is a technique we’ve applied at WhyDoWork.com and can attest to its effectiveness. You can attract the best from collegiate IT programs who are more than happy to work for the chance of greatness and to get some start-up experience on their resume. Just keep in mind that when your help delivers on their promises, you need to deliver on yours! […]

By: Scott

Scott — Fri, 19 Oct 2007 08:37:41 +0000

I’m a big believer in internships. In fact, I’m in need of a few interns right now for (a) PR, (b) technical writing (e-books), and (c) other marketing activities.

I can offer the opportunity to work for an innovative company with world-changing technology or one of the top self-help websites in the US, http://www.AspireNow.com, and, of course, a good reference.

Thanks for the post! - Scott

By: Scott

Scott — Thu, 18 Oct 2007 06:32:03 +0000

“Interesting post. What kind of lawyer structures such a deal, and what are the legal costs of having it drawn up?”

Any kind of business attorney should be able to do this no problem. It would just be a standard consulting agreement, and the section outlining compensation would say, “During the Term of this agreement and for six months following its termination for any reason except for Due Cause, Consultant shall receive royalties of 10% of gross Company revenues up to $10,000 in gross revenues per month. In no event shall Consultant be entitled to any share of monthly revenues in excess of $10,000. In no event shall any payments be due to Consultant for any given month unless Company’s revenues exceed $0 in that month.”

Or, perhaps a hybrid hourly/revshare deal such as, “Consultant will be paid $10/hour for services performed. In addition, Consultant shall receive 10% of Company’s gross monthly revenues, to be paid within 30 days of the month where those monies are actually received by Company.”

Note that I’m not an attorney and this isn’t intended to be legal advice.

By: Joe

Joe — Wed, 17 Oct 2007 17:04:00 +0000

Interesting post. What kind of lawyer structures such a deal, and what are the legal costs of having it drawn up?

By: TitanDeGroot

TitanDeGroot — Wed, 17 Oct 2007 16:18:56 +0000

To be honest with you, a lot of college students are looking for these opportunities. I personally have been involved in several projects where I was not paid. I did it because of the people who where involved. I help with the Utah Technology Council and worked with a lot of CEO’s in Utah, and the reward is I get to go to a banquet with all of these individuals. I also know whenever a reference is needed on my resume it can only help.

By: James

James — Wed, 17 Oct 2007 14:11:56 +0000

I feel more and more that if I had a way to outsource some of my work, I could accomplish much more and don’t feel overwhelmed.
I understand this post is about something else, because you’re looking for skills you don’t have to carry on one particular project and you don’t have the funds to pay an usual salary.
I don’t have that experience, but I guess you would need quite quickly come up with compensation to give out to your employees so they start to see some money, even if it doesn’t even match their transportation expenses so far

By: pn

pn — Wed, 17 Oct 2007 12:38:55 +0000

it’s really a great idea….