I run a engineering startup but have limited resources in term of skilled personnel with experiences and finance. I am looking to a create a virtual team like the reddit team in rloop. How do I go about this and what are the pros and cons to this method especially in hardware design.
I work on 2 virtual teams for startups and we're all very committed! I agree with what all of what David said. Especially selling people on the "vision", the companies I agreed to work with all sold me on their vision.
In addition to hiring practices you should always do (such asask the right qualifying questions yadda yadda yadda), here are some quick pros and cons :)
- No office space rent
- If you bring them on as contractors and not employees, potential for less paperwork and tax trouble
- Diverse applicant pool that's not limited to one location. Actually, quite a few people that specifically work with startups prefer to work remotely
- Team "culture" can be harder to manage
- Your team members will all have to be extremely reliable and self-starters for the most part and it can be harder to screen for these types of people
- Communication will be even more key, you might have to invest in a great communication and PM software if you don't already have one
I don't know why you single out hardware design as the challenge here? I don't see any difference between hardware and the other disciplines you'll need. The key, in m mind, is always finding/attracting the right talent and then getting them to buy into the vision. Rather than broad shotgun-type recruiting use/build your network to find the right folks. Put a plan in place that you feel confident about (and ideally has something to back it up) that can tell your story and help convince folks that working partially or entirely on spec on this venture will be worth their while....
Well I think that virtual team may be less commited with the starup... Because of the facility of being part of...
You have to find skilled people but it is not enough!
most important thing is that they will be fully concentrated to the same goal!
what do you need in details? Let me know. If you want, also privately.
I disagree with the commitment comment, it really comes down to the people you choose, the overall management and lots of other factors. You can just as easily have employees that are disengaged as outside resources. I would argue that you can often find a greater level of commitment from outside resources, since most are entrepreneurs by nature and have that 'can do' and "I'll figure it out" mentality.
keep it in your mind just be trust in your self
Thank you for the answers. I didn't intentionally single out hardware design (@ David), apologies for any misconception. Just currently have that challenge and this sort of presents itself as a possible solution. I have not actually done this before but have only come across it as a solution since reading about the rloop team.
Some of the reasons I seek this option is that, I have partnered with some software based companies (Autodesk and Ansys just to mention but a few) to design my product. I am complete new at this and don't want to make the wrong mistake or pick the wrong and need some guidance. Thanks