Peopleconnect: borrow directors

    One of the most important conditions for obtaining venture financing for a high-tech startup is the presence of a well-known leader who is the face of the company. But what should a poor Internet businessman do if he does not have the money to hire Ashmanov or Nosik? Peopleconnect , which provides renowned directors for three months free of charge , will come to the rescue .

    By providing free directors, Peopleconnect, a recruiting company, itself does not earn anything on such a deal. However, after a startup receives venture financing, everyone has money. Such an original business model occurred to entrepreneur Max Shapiro, founder of Peopleconnect, in 2001. At that time, many famous people were left without work and Shapiro thought that some of them would be happy to find work anywhere, even for free for the first time.

    According to Max, of the 25-30 directors who were loaned, subsequently about 80% began to receive salaries from their new employer.

    via News.com

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