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by thedufer
4815 days ago
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If you were to hire an unpaid intern - are they not creating any value for you (or very little)? Then why are you hiring them? If they are creating value for you, then that should be extra money in the pool, and some of it should go to the intern. What am I missing? |
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The time delay between creating the value and turning that value in money. In a situation like ours, a pre-revenue, bootstrapped startup, we can create a ton of value, but nobody knows exactly when our first (and subsequent) sales will be.
Now, if an intern wanted an arrangement with deferred compensation, contingent on some future revenue, etc., etc., that could theoretically be arranged. But it probably wouldn't be worth the effort to do all that.
OTOH, value can be exchanged in other ways other than money. An intern who works for "free" in the monetary sense may still benefit from the situation. A strong letter of recommendation and a verifiable reference to put on the resume represent a form of value as well.
But, all of that said, I'm still not super crazy about unpaid internships. Like I said above, if we take on any intern(s) we are looking to pay them.