How Much To Pay Your First Employee?

[Tiago]

Hello,

I've been working on this idea and now it's time to find a developer. My question though is, how much should I pay him? I'm not that big on cash, I feel like giving equity away would not be ideal. Should I try the people with a lower wage proposal at the beginning and if the idea turns profitable adjust the wage accordingly?

What have your experiences been?

 

Dislike ads? Remove them and support the forum: Subscribe to Fastlane Insiders.

[theag]

Hello,

I've been working on this idea and now it's time to find a developer. My question though is, how much should I pay him? I'm not that big on cash, I feel like giving equity away would not be ideal. Should I try the people with a lower wage proposal at the beginning and if the idea turns profitable adjust the wage accordingly?

What have your experiences been?

I wouldnt hire a developer. Cheap ones suck and good ones are expensive as hell. Check out healthstatus's INSIDERS call on elance outsourcing.