The ad I placed was not for a co-founder, but for someone to pair-program with me. At my cube-farm day job at the time, I hadn't found anyone willing to try pair-programming. I missed pairing, and I knew from past experience that I'm way more productive when pairing. I figured that with a pair, I would likely get one of my personal projects done. So I placed an ad looking for a student to pair-program with me on my projects. I offered to pay $15/hour, since the main compensation for a student would be the technical know-how he'd pick up from someone with more experience (I've been coding for roughly 20 years).
After about one session or so, though, $15/hour seemed stupid. It made more sense that we would each have a stake in a product. It's been way better to have someone who takes initiative than a student who waits to be told what to do.
The ad I placed was not for a co-founder, but for someone to pair-program with me. At my cube-farm day job at the time, I hadn't found anyone willing to try pair-programming. I missed pairing, and I knew from past experience that I'm way more productive when pairing. I figured that with a pair, I would likely get one of my personal projects done. So I placed an ad looking for a student to pair-program with me on my projects. I offered to pay $15/hour, since the main compensation for a student would be the technical know-how he'd pick up from someone with more experience (I've been coding for roughly 20 years).
After about one session or so, though, $15/hour seemed stupid. It made more sense that we would each have a stake in a product. It's been way better to have someone who takes initiative than a student who waits to be told what to do.