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Giving Minority Stake in your company to your Programmer

Discussion in 'General Business' started by hiero, Aug 15, 2010.

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  1. #1
    Has anyone given their programmer a minority stake in their company/website without them investing any money? A percentage as 15-25% of revenue in return for editing/coding the site?

    If so , how much did you split?
     
    hiero, Aug 15, 2010 IP
  2. furca

    furca Well-Known Member

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    #2
    I haven't had much success with this. Most will not work for this agreement, since if they built it themselves they could reap 100%.
     
    furca, Aug 15, 2010 IP
  3. kmac711

    kmac711 Peon

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    #3
    Yes, but they don't have to do anything with the site and don't have to commit to just 1 site. If they program 15 sites, they are getting that 20% from each site.
     
    kmac711, Aug 15, 2010 IP
  4. wholesalechecklist

    wholesalechecklist Peon

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    #4
    I'm sure you could convince one to take on this sort of compensation scheme. I think you would have to up it to 35-45% though to get decent work.
     
    wholesalechecklist, Aug 15, 2010 IP
  5. backdoor

    backdoor Peon

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    #5
    not a bad idea if you are low on funds and want to keep them honest and not steal your ideas
     
    backdoor, Aug 15, 2010 IP
  6. tjordan06

    tjordan06 Member

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    #6
    Depends on the business model, in some cases that could be a lot for a website....
     
    tjordan06, Aug 15, 2010 IP
  7. furca

    furca Well-Known Member

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    #7
    Most if not all would require some form of up-front payment.
     
    furca, Aug 16, 2010 IP