Have you ever started a company? Are you doing it now? It can be difficult to find highly qualified people to develop your product, the time to gather the talent, and having enough capital to make it all happen. Enter HoursForEquity. Hours For Equity co-founders, Bill Lott and Matt Flynn had the same experiences growing other companies. They effectively used equity and perks to engage and keep entrepreneurial talent, and the idea was born. Startup companies save capital and talented people come together to create.
Just like all startups, Hours For Equity developed from an initial idea, and evolved into a continually refining product. Originally born to be a bartering site for startups and small businesses, the initial data proved to tell a different story about what the users really wanted. According to Bill Lott, “we utilize the lean startup methodology, and with pivots in development and design, we arrived at the product you see today.”
The Qualified Applicant Solution
Companies grow quickly from startup idea to product as does the necessity to find qualified applicants without waiting weeks to review and interview. Hours For Equity allows an individual to post their profile and the type of position they are seeking and then add a resume for startups to peruse. Since the startup companies also list what they are seeking from the individual, be it developers, design, advisors or management seats, the two can find each other and a qualified fit. Similar to the functionality and using similar algorithms of a dating website, Hours For Equity provides a home meeting ground exclusively for startups seeking entrepreneurs that understand their space.
Show me the money?
Money doesn’t usually come before the idea or the product development. This is the ‘space in between’ that Hours For Equity has targeted very effectually. Equity in a startup is a way that they can entice well qualified people to become a part of the entrepreneurial team. Entrepreneurs know how this works, and the two can find a common ground on creating magic in a company. Hours For Equity gives startup companies the opportunity to show their product potential and grow a powerhouse team. Partnering startups and entrepreneurs with equity has been done for a long time, but here a place to enhance the process, save time and have all of your talent found in one place. Individuals can work for equity, perks and free services as well.
A Startup for Startups and Entrepreneurs
As Hours For Equity grows an ever increasing user base, their team is thrilled with the global adoption of their “freemium” business model. Bill and Matt realize that there is a great potential for a premium service model in the future, but currently “our focus is on maintaining quality, offering more features and working on a few partnerships within the entrepreneurial/startup community, which are very promising. By leveraging the size of our community, we hope to bring discounted business products to our members shortly. We also hope to expand our website’s functionality and continue to grow our user base across the world. We love new ideas, startups, and engineers – so the more the merrier!”
Go get your equity or go find your partners and get moving! Let us know your feedback on Hours For Equity, and maybe your new startup partnership will be featured on StartupLeak!
More About Hours for Equity
‘We are a startup that loves startups. We thrive on new ideas, entrepreneurial spirit, and enthusiasm for innovation. It’s my personal belief that no good idea should be left unbuilt.”-Bill Lott, Co-Founder. The Hours For Equity team is currently comprised of four people. In addition to Matt Flynn and Bill Lott, the co-founders, there is Mike Demaso, engineer, and Steve Chaloner, developer. They have also worked with Steve LoVerme, founder of Treebeard Media, to create their awesome promotional video.
For The Job Seeker-Perform tasks for local startups in exchange for equity, freebies, or perks.-Grow your professional network by working with talented, connected professionals.-Build your resume while gaining valuable experience.
For The Startup-Search our database of local professionals to find a team with the skills you need.-Motivate workforce by sharing equity in business. Teams stay focused when success depends on the bottom line.-Access a talented, enthusiastic labor force without having to use your most precious resource – capital.
Read more at StartupLeak.com.