The hard part and the fun part. Fortunately, we've been building online recruiting software for almost a year and half, so we've got just a little bit of a foundation to work from.
What number do you think is fair?
807 karma · joined March 13, 2008
What number do you think is fair?
As tptacek points out below, many internships are unpaid or offer minimum wage. How do people afford them? Parents and student loans, I imagine. We think this is a pretty decent option.
There are a number of white label job board solutions out there. I think ours delivers a far superior user experience, but that's open for debate. I can say for sure that there's more to building successful sites than sticking an implementation of someone else's software on a page somewhere.
We think we're working on some pretty fun stuff, and would love to have some smart help for the summer. Because we don't have the cash on hand to pay interns $20-$30/hour, we're trying a deferred compensation arrangement - which we want to pay more, in the end.
I do have some extra sham wows I could sell you, though.
You'll put SW into people's hands almost immediately, get to work through the business implications of what you're building, and more. We also hope that this becomes seriously lucrative for the intern(s) over the course of the next year.
Also keep in mind that this is an experiment, in many ways. We haven't tried this before, and we don't know anyone else who has, either. It's a relatively risky internship in that sense, but one with pretty significant upside potential, too.
We've also got some new features coming soon that will make it easier for folks to find the right jobs through the existing ad. Stay tuned.
Despite all the doom and gloom, people are hiring.
$2M is absolutely enough to find a "full time" money manager - there are many private wealth management folks with minimum asset levels of 250K or less.
Make sure your adviser is a VALUE INVESTOR, especially one who suggests investing in low-cost index funds. Almost no "active" managers beat low cost index fund performance in the long term.
Next, get a job and let that $2M grow.
Listen, iterate, and build something that at least a few of them LOVE. I'd say that startups don't have the luxury of focusing on their competition.
The most common answer I've heard for people leaving is that they don't feel like they're making a difference (or "being heard") anymore.
People will always try to abuse a system, especially when there's a monetary incentive to do so. We manage fraud risk with a portfolio of approaches that includes building real relationships, designing good automated signals/indicators, monitoring the network closely, and having strong TOS + great lawyers.