Thanks for that Link CampSteve, it is really inspirational and reading it, I now realise I have to begin making the necessary advancements in attaining certain clients for the business I intend to create. Perhaps if I take your direction then I can start building the eyes and ears that add value to the business.
CookieMonster - Put the patenting issue aside. My point is that I need to get developers for the site, period. I could care less about patenting. My question to you is, with no beginners capital, how would one structure the business so that I do get the developers and have them compensated as well?
Would you consider splitting and sharing some equity with developers? That`s no problem. Everybody seems to want to be paid upfront for their work and thats perfectly ok. Question is, what are creative ways to structure such a deal with developers and technicians. Consider the fact that some of such technicians may not work out, may not have the expertise they are on the project for, or have other limitations etc.
I am looking for developers to work pro bono but offering equity on the business. I already have the Interfaces designed visually but not coded as they should work yet. Would you happen to know where I could post requests for such developers for sites similar to Myspace, Google Maps, Blogs etc?
The business model that I have created pretty much sells itself. I don`t believe I will have difficulty getting developers once I know where to look and what requirements they would have to meet.
However, I am in the process of trying to structure contracts to the effect. My difficulty in this area is making certain that it is a win win situation for both I and the developers. should i continue to use their services, their equity may be increased gradually over an agreed upon timeframe(or bonuses be awarded.. However, were they not able to perform their functions for lack of skill, timeliness and other factors agreed upon, then their equity shall also decrease upon an agreed on rate.
I do not know of any ventures that have been set up this way so if anybody has a better similar structure I would be appreciative if you would point me in the right direction.