Saturday, October 28, 2006

Elance vs. Rent-A-Coder

I've written about Rent-A-Coder before. I love this service. It's a handy way to get really smart people around the globe to code up some projects.

So in reading an ETech posting about Mark Flecher and Bloglines, I happen to catch a suggestion about using a company called Elance. Mark's remarks were centering around the keep your day job, go cheap, out source where you can speech that all smart company founders usually give. He mentioned Elance.com as his outsource org of choice.

Cool, let's have a look. Very interesting, looks good, lots of opportunities, plenty of options, etc, etc. Let's take a quick look at the about page, very nice, yadda yadda, investors, click, WHOA!!

70 Million American Smackers have gone into this company. Seventy Mil? Yowsa..

The big question: Is bragging you've collected (aka needed) $70 million a good thing? The IRR math says a serious chunk -o- change is needed in order to be doing high fives in the hallway.

Maybe that's why we call em tombstones. Just kidding, no flames.

March 19, 2005 | Permalink
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Comments
If you perfer rent a coder over elance more power to you. There is nothing wrong with others perfering elance. It is a good company that pays for itself in the end. It is a good for screening out those that are willing to work for dribble. I am personally happy that so many Americans prosper with it. The earned 70, million with their business. In reality this is a success for most people that want to have a successful business but I get you would not understand that.

Posted by: Anon | May 04, 2005 at 21:27

Elance pays itself in the end, not for itself.

Only 2 of the top 25 earners are strictly US-based. Most of the people making their money on elance are from outside the U.S. Egregious outsourcing vehicle, lowballing and trends that are not helpful to the marketplace for certain freelancers like designers and others. Over 700 of their Select program payers -- who at last check were paying $30 a month -- have ZERO earnings.

The program doesn't work unless you do high volume work for dirt wages from within Asia or Eastern Europe.

Posted by: Steve | March 03, 2006 at 11:50

RAC is a bad site. The majority of the coders are incompetent & unreliable. As long as you do not get into any ugly arbitration, you are fine. If you do get into an arbitration, guess what...you have to deal with a bunch of arbitrators who are equally incompetent & unreliable.

Birds of a feather flock together :-)

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