What's the best way to leverage $5M to hire lots of great engineers?
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Some ideas: - send 100K engineers a $50 gift - fly 17K engineers to silicon valley (SV) for a conference ($300 each) - buy ads for job postings on FB or google - start a private club for entrepreneurs in SV - buy an island & throw invite-only parties - buy an awesome house in SV & throw awesome parties - start an invite-only conference for entrepreneurial engineers similar to summit series - pay talented ghost writers to write 10-20 books on your behalf - start a co-working space & siphon off talent - start incubators near top engineering colleges - start a hostel for entrepreneurs visiting SV from out of town - start a town in Mexico or India & recruit / train local talent
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Answer:
None of that. Rather, I'd invest deeply in the open source community. Look for any/all opportunities to be in the same place where people are working on open source. A few more specific suggestions: Have a strong presence at open source conferences. Donate money to organizations that are building open source projects. Rent a hacker space and give the desks away to people who want to write open source software. Note: I actually do like the idea of creating a Summit Series-like event for engineers. Sounds a bit like the Founders 50 conference (http://www.inc.com/eric-markowitz/founders-fund-staging-the-most-exclusive-tech-conference-ever.html).
Jon Bischke at Quora Visit the source
Other answers
Instead of investing such a heavy amount to hire great engineers, I would prefer utilizing my friends network in different social networks and get the best candidates. Here is why I would do so: We have a strong power of network over Social Media No headache of sorting many resumes as we get the best and trust worthy candidates by this process. Employees hired through referral are 55 PERCENT FASTER than those who come through career site As per a recent research, 47 PERCENT of referrals and 39 PERCENT of those hired through CAREER SITES stay for THREE YEARS OR MORE, while only 14 percent of those hired from job boards stayed. And more than all these stats, to make the referral hiring best, easier and faster, GrownOut provides and amazing solution to get best out of referral hiring process. Checkout their website - http://www.grownout.com/
M.v. Priyank
Ads would get you poor candidates. Many other things you mentioned would burn money quickly with little results. Do you really think the best talent is out partying on an island or is he busy creating the future somewhere ? The best way to hire is using referrals. Ask someone who knows about the field to refer talent to you. Make use of http://referralhire.com/ that brings you referrals from reputed people in the field you are hiring for. Build partnership with such innovative solution and get creative in your hiring. Just because you have more money doesn't mean you will hire a team instantly. But it does offer you a chance to try out interesting solutions
Anonymous
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