BizCraft Episode 23: Working with full service agencies + trading design for equity

BizCraft Ep23

Play or Download this Episode (Recorded semi-live on 06/07/2013)

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About the Show

This is BizCraft, the podcast about the business side of web design, recorded live almost every two weeks. Your hosts are Carl Smith (@carlsmith) of nGen Works and Gene Crawford (@genecrawford) of UnmatchedStyle.

Episode Overview

In this episode of BizCraft we discuss the pros and cons of working with a full-service agency and how you might be able to pull it off successfully as well as getting involved in a start up business by providing services for equity in the business.

We discuss the pros and cons of partnering w/full-service agencies.

Perceptions regarding saying you are a part of another company and not really actually being one.

We got into talking about J Cornelius’ Blog post: “Trading Design for Equity“.

The main question from the post:

If I were to work for equity at a startup, what is a typical percentage one asks for? 25%? 5%? 50%? 15%? How do I go about estimating that sort of thing? I know how to estimate a project’s cost based on my hourly rate but working for equity, as you know, can’t really be quantified in the same way as the project’s value is based on some future continent heretofore unknown. And I’m not an equal partner. I’d be the lead designer. What’s that worth percentage wise? What’s typical?

We then discussed some general topics that we’ve been wanting to cover since we started the podcast.

How do these effect our business, how do we think they apply to all services businesses like ours:

  1. Don’t get an office.
  2. Get accounting software (or an accountant) on Day 1.
  3. Ignore lawyers — they kill deals.
  4. Pick a niche and become a specialist, not a generalist.
  5. The greatest marketing campaign is offering a great product/service.

Where can you find us next?

UMS Crew:
Front End Design Conference
ConvergeFL Sept 11-12
ConvergeRVA Oct 11-12

Carl:
Arizona at Owner Camp
UX Mad

Beers from the end of the show

Gene: Samuel Adams Alpine Spring
Carl: Intuition Ale Works I10 Pale Ale

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Author

Gene Crawford

With over a decade of experience in the industry he has overseen the design and architecture of hundreds of web sites and applications. An active member in the design community, he's the editor & producer of unmatchedstyle.com, the ConvergeSE, ConvergeFL, ConvergeRVA and the Breaking Development conference series.

  • sharif28

    “Gene, show us on this org chart where the bad agency hurt you.”

    • UnmatchedStyle

      Kinda obvious eh?