Having an 'agency' contract you developers in NYC is 150-275 /hr. It makes sense to do that when you don't have the time to assemble a team from start.It's an employee market right now. 8+ years experience can be from 120-200k base, with a bonus on top. Hourly you'll expect 100-160hr.Yes you can find people who are 40-80/hr -- but they almost always lack the experience and skills to bring a project to fruition on time , budget & expectations -- that's why they're still entry level. If you have a solid CTO or some Sr devs -- then sure, hire the junior people and develop their skills. Otherwise, what the fuck are you thinking? Stop trying to cut corners on your own product.
For a "CTO" to come in, its all over. Rates are different as well, esp with equity packages. My compensation from Startups is vastly different than what Corporations pay me.
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Venture capitalists tire of Twitter-y start-ups
In addition to these theories, I would also guess that developers have realized that Twitter could simply replicate their feature sets and make their client/service the default choice. This is of course, Twitter’s prerogative, and is also the risk developers undertake when building for a platform they don’t control.
I have no doubt that Twitter wants an ecosystem to thrive around its platform, much in the same way that Facebook wants an ecosystem around its social network. However, as I wrote all the way back in July of 2008, VCs must wise up to the fact that investing in accessories that can be reproduced and easily packaged as part of a core offering may not be the best business strategy.
link: Venture capitalists tire of Twitter-y start-ups – CNET

