Hi,<p>I have a this idea which in my opinion will do very well but I can not do it alone (do not have all the skill sets). I am looking for people to join/help out but nut sure of the approach . I have the following questions<p>1. On what criteria do I select a team member ? (Suppose need a php programmer and have 5 candidates , how do I select one?)
2.What should be the compensation/ remuneration/equity I should offer ?
3. Anything else that the more pedant hackers suggest I must keep in mind :-)
This is a response to just your first question:<p>1. They need to be passionate about your idea.
2. They need to be able to connect with you on a personal level.
3. They need to have the right skill sets for your project.<p>This is the order I put it in because of a few reasons. First, passion/determination is what drives startups in the first place. Without passion, everything else is half assed, so you want someone who believes in your product and/or your idea. Startups co-founders or the early team members of the founding team is like a marriage. You will be spending ALOT of time with them so make sure you guys can get along. I say skills last because in all honestly, anyone can code. If you're looking at the same range of experience, they will all most likely be able to do what you need them to do.<p>It's the other factors that you don't see on paper that you want to look for. Look for passionate people and devs you can get along with in the long run. Hope it helps.
Talent, determination and personal connection. If someone doesn't have all three, they're not a good match.<p>For cofounders an even equity split is the norm unless one founder brings some particular extra value. but no hard-and-fast rule really, basically just find a split that everyone agrees on.<p>For early employees see Fred Wilson article:
<a href="http://www.avc.com/a_vc/2010/11/employee-equity-how-much.html" rel="nofollow">http://www.avc.com/a_vc/2010/11/employee-equity-how-much.htm...</a>