It's not just about salary. It's about the culture of people.
Your job descriptions talk about what YOU want and the tech, and you claim that we are going to change the world. What about what your prospective team wants? That's who you need to appeal to.
-Video of the team (Show don't tell, culture, work and play)
-Lists of the benefits (You're a human, that has a life, and we aren't going to abandon you when life events happen. We want you to stay healthy, have current gear, an vestation in the company and the ability to hone your skills and keep learning.)
-Pictures of a great environment and what it's like, testimonials from team members.
Salary HAS to be competitive, because no one in their right mind would say "Now hiring for 20% less than the industry median!" Get real. You need to talk to people about why it's worth it to come in and work their asses off for a super risky company.
Not a very useful comparison, to be honest: Shopify is a well-established company at this point, and I'm a startup. Obviously I have every intention of creating a great environment for and with the team, but in the beginning, it's only possible to say that, not show it. So you're asking to see something (videos, pictures, and testimonials from the team) that no startup -- ever -- can demonstrate. You can't eat a pie before you have it.
Fair enough on the established thing. My point was more to the fact that before you even see a job description, or what they want from you, they lead with why they want to you
as an early startup, I'd be interested in why you don't have a programmer/technical cofounder? That's normally how you'd get that ownership you want. I know I sure wouldn't own a project (YOUR project) on the level you describe without significant equity.
Cause otherwise its a gig that will probably be gone in a year.
> My point was more to the fact that before you even see a job description, or what they want from you, they lead with why they want to you
Fair enough. I'll work on the language to emphasise that more.
> As an early startup, I'd be interested in why you don't have a programmer/technical cofounder?
Because I haven't found one yet -- that's why I'm looking. Most web startups are created by people already working within web-focused industries, so they have constant access and strong social ties to myriads of potential technical co-founders. A good idea starts getting tossed around between mates at the pub, and after a while they decide to give their day jobs a shove and go for it full-time. But I'm coming out of the world of transport planning: there simply aren't any potential technical co-founders within my professional or social circles.
So I've spent the last couple of months making inroads into the London software-development scene, trying to find a technical co-founder. Unfortunately, I've found that "I'm looking for a co-founder" translates, in virtually everyone's mind, as "I have no money nor am I ever likely to, and want you to work long hours for nothing more than sweat equity" -- an assumption which closed off every conversation before it had a chance to begin. So because I already had a committed investor on-board, I switched to saying I was hiring a lead developer instead. Unfortunately, this leads to the following:
> I know I sure wouldn't own a project (YOUR project) on the level you describe without significant equity.
Exactly! Which is why the job posting very clearly states that I'm offering significant equity AS WELL as a competitive salary. And I really mean it!
But this just isn't coming through. If I tell people "I'm looking for a technical co-founder, and can pay a competitive salary", then they say they're not interested, because they can't take a job that doesn't pay a good salary. But if I tell people that I'm hiring at competitive salary for what is essentially a co-founder position -- with all the equity and responsibility that this implies -- then they say that they're not interested, because they wouldn't want to work in a startup that doesn't give them significant equity.
Somehow, developers assume that equity and salary are such binary opposites that the majority of them are literally incapable of parsing a verbal or written offer of BOTH. This is proving to be more than a bit crazy-making -- but I keep telling myself that I wouldn't have wanted to hire such nincompoops in any case. Eventually I'll find a technical person who both has the skills that I need and is sharp enough to parse what I'm saying...
The developer community is (rightly) full of stories in which obnoxious and intellectually-lazy businesspeople just couldn't comprehend what was directly in front of their eyes. I've always gotten a good chuckle out of those stories, because I identify much more strongly as a geek than as an MBA. But now I'm learning that it's possible to tell such stories from both sides of the divide. This is a tough lesson to absorb!
Perhaps you should market more towards a co-founder then just a programmer. Or market as looking for a CTO? It's not really your fault that underfunded CEOs often think that they can lure someone in with the potential of a mega-exit, when that isn't the case.
I'm wondering if equity-only positions actually ever even get filled?
Good luck though, you're probably on the right track by not just hiring the first person in your lap (happened a lot at the last company. Bad move).
Maybe it's paving the way for the threat but that thing is craptacular.