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Ambo EMMA Test Corp	Posted - 2009.03.27 11:35:00 - [1] I'm posting this proposal for discussion and peer review prior to an expected offering within the next few days. Please let me know if you'd be interested, if you have any conerns with the plan, ideas for improvement, etc. Thanks. ******** DO NOT SEND ANY MONEY, THIS IS A DISCUSSION ****** Overview: EMMA is a well known and popular tool to assist traders, investors and, to a lesser extent, manufacturers. Essentially, it offers a database system to store financial data that is retrieved from the eve API. This data can then be used to generate reports and run a variety of different helper tools. Since version 1.0 of EMMA, released at the end of Nov 08, I have charged a license fee of 100 mil to be able to use the program. This is then supplemented with income from specific developments that are requested and paid for by a particular user. Around the start of March 09, I decided to take a break from both EMMA nad Eve in general. Since then there has been virtually zero development on the project. I found two people willing to try taking over but one decided they could not commit enough time to it and the other seems to have lost interest or thrown in the towel. This IPO aims to raise cash that will be placed in a corporate account and used to pay developers a fixed monthly wage. Investment Detail: The corp will have 10,000 shares. 2,000 of these will be held by the CEO (i.e. me) in return for the startup cash sum of 2 bil isk. The rest of the initial investment will be raised from a dutch auction of the remaining 8,000 shares starting at 1 mil isk each. Shares will be valued according to the NAV of the company, reported monthly. Single investors are limited to 2,000 shares. Return will be variable. For details, see Expected Return. There will be a permenant buyback in place at 90% of NAV. The company will be listed on the RESX and EGSE exchanges if possible. Developer Detail: Developers will be paid a monthly salary of 1 bil isk at the end of each month. (Pro-rated if the developer joins or leaves the team halfway through a month) If the developer contributes nothing or very little for a particular month then they will only recieve 500 mil isk. The next month they will be 'fired' unless they start contributing. Initially, I will be looking for two developers. Note that you do not need to be some sort of .NET guru. I was taught Java at uni and mainly use a language called 'Uniface' at work. I've only ever been on one, very basic, .NET course so I'm in no way an expert. Corporate Structure:** The only paid employees will be the developers. I will oversee things as CEO, at least for the beginning, but I won't be taking a management fee or a developer's salary. The corporate account will hold the starting capital and will recieve license payments from customers as well as payments for specific developments. At the end of the month, developers will be paid, shareholders will then vote on the size of the dividend they will recieve from several options. These options will be decided by the CEO (me) and will be based on the size of any remaining profit, expected future expenses, NAV growth target, etc. The corporate account might also be used to purchase other services such as advertising. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Ambo EMMA Test Corp	Posted - 2009.03.27 11:36:00 - [2] Expected Return: As you can see from the table below, revenue from licenses has been fairly consistent: Dec 08 - 4.1 bil Jan 09 - 3.9 bil Feb 09 - 4.8 bil Mar 09 - 3.4 bil Assuming 2 developers being paid 1 bil each, this would leave approx 2 bil profit each month. If this was split 50/50 between reinvestment and dividends and shares are sold @ 1 mil isk each then the dividend payout would be 10% of the initial investment per month. Note that NAV would also increase by approx 10% per month. Clearly, this is beyond the return offered by many investments and does not even take into account income from bespoke developments. However, license payments may decline so this level of return can not be guaranteed, indeed, it is perfectly possible for this to LOSE money. Now for the obvious question, Why am I not just sitting back and enjoying the cash rolling in? Several reasons for this. 1) I've little need of more ISK. I'm at the point now where I could pay for GTCs for the next several years, Fly T2 ships all the time and still have plenty left over. 2) I want to detatch myself from EMMA. I want it to be a stand-alone entity that can continue if I leave the game. 3) I've always been interested in the IPO side of the game. This is somthing I want to do to see if it works and where it will go. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Kazzac Elentria	Posted - 2009.03.27 12:13:00 - [3] This is interesting Ambo, if anything this could be the model that future software development
Ji Sama	Posted - 2009.03.27 12:21:00 - [4] i think its a very good idea, would be interested in investing thats for sure... This is a signature not related to EVE
Krathos Morpheus Gallente Legion Infernal Wildly Inappropriate.	Posted - 2009.03.27 12:33:00 - [5] Edited by: Krathos Morpheus on 27/03/2009 12:34:23 Originally by: Ambo I want to detatch myself from EMMA. I want it to be a stand-alone entity that can continue if I leave the game. Your idea is very interesting, but I think that it depends on who is going to run the project. Who is going to run this if you leave the game? Are you planning on detatch yourself from this IPO or just from the development of EMMA? Who is going to contract and assest developers? Will have the investors the vote on who and how many devs are going to be hired? EVE Knowledge
Snasty Caldari The Hippies House of Mercury	Posted - 2009.03.27 12:41:00 - [6] Bassed on the information recieved so far my interest is there as would be my investiment were you to go ahead with this. I'm equally interested in the answers to the points raised by the previous post. --------------------------------------- -=Snasty, short for Shagnasty ever since the GM's in SWG made me change it...!=-
Ambo EMMA Test Corp	Posted - 2009.03.27 12:50:00 - [7] Good questions. Essentially, I'd be wanting to hand over the job of CEO to someone else at some point in the future. Possibly a developer on the project but it could be someone else. Whoever holds the title of CEO will always be the person to decide on hiring of new devs, determine possible dividend payments, etc. They will also be the one with access to corporate funds. (Perhaps via an ebank account with some special clauses that would come into effect if CEO disappears, etc. need to discuss the possibility and details of this with ebank) -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Estel Arador Minmatar Estel Arador Corp Services	Posted - 2009.03.27 13:09:00 - [8] Originally by: Ambo This IPO aims to raise cash that will be placed in a corporate account and used to pay developers a fixed monthly wage. I'm confused. You receive ~4B in payments monthly and expect that to stay at that level in the future. You're projecting 2B in expenses monthly at first and perhaps more later. Now the plan you have is an interesting proposal, but it seems to me you do not need the investor's cash to pay the developers. What will you use it for? FREE! jumpclone service - NOW 192 locations!
Taryn Ceridwen Un4seen Development	Posted - 2009.03.27 13:28:00 - [9] I use EMMA and love it. I think this is a very interesting and different premise for an IPO and I would definitely be interested in acquiring shares.
Vested Interest	Posted - 2009.03.27 13:34:00 - [10] At one point I had thought about putting a bunch of isk in EBank as a trust fund for future development. Or perhaps asking them to start a software division. But this is pretty cool and if it goes live you can count me in for 2000 shares.
Ambo EMMA Test Corp	Posted - 2009.03.27 13:39:00 - [11] Originally by: Estel Arador Originally by: Ambo This IPO aims to raise cash that will be placed in a corporate account and used to pay developers a fixed monthly wage. I'm confused. You receive ~4B in payments monthly and expect that to stay at that level in the future. You're projecting 2B in expenses monthly at first and perhaps more later. Now the plan you have is an interesting proposal, but it seems to me you do not need the investor's cash to pay the developers. What will you use it for? You're totally right. I don't need the cash and could fund this entirely on my own. However, I don't want this to be tied too closely to me. This is really about putting together a framework within which the EMMA project can continue regardless of who is leading it. The way I'm doing this is to make sure that more people care about keeping EMMA alive on a personal level. (i.e. the investors and the developers) -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Armoured C Gallente Armoured Investments	Posted - 2009.03.27 13:49:00 - [12] i think i should be able to afford one share LOLOLOLOLOLOLOL count me in WARNING: ANGRY AND LOOKING FOR BLOOD
SencneS Amarr Rebellion Against Big Irreversible Dinks	Posted - 2009.03.27 14:04:00 - [13] While this is uncharted waters for IPOs, and one that is interesting with a real possibility of LOSS. I have to ask why use an IPO for this. We are talking 10b here, why not take a loan or even a simple line of credit any one of the banks offer (I believe they all offer them)? 1b Per month per DEV may seem like a lot to some but this is personal time here, and time outside of EVE. With first hand experience in paying Developers for EVE Software, the one major issue is the developer starts to take on a "I do this for work" personality rather then "I do this for fun". So what happens is the developer gets slower releasing updates because it's cutting into the personal time more so then game time. Keep in mind that unless they are Mining in high-sec or doing some AFK hauling they are playing EVE, which means they are not working on the program. This is something to consider, 1) Job Time, 2) Personal Time, 3) EVE Time, 4) EMMA Development Time. When you start paying Developers they squeeze another time block into their day. I bring this up, because it's probably the main reason why EBANK's Exchange has take over a year to almost get deployed. It was a massive project which also meant reprogramming the EBANK software. So it's on a much larger scale then EMMA, however it's an example of what happens when the Devs start to feel worked rather then viewing it as a hobby. You'll want to be careful of that and maybe it would be better if you enforce limits on development per week, or maybe break down the development into groups like - Work on this until it's done, then work on that. Breaking up the project into much smaller blocks and having a project manager (you) allocate those blocks. This will increase the sense of accomplishment the developers will need as the IPO goes on. Amarr for Life
The Isz	Posted - 2009.03.27 14:28:00 - [14] First off, I want to say I'm a big fan of EMMA and have been using it for some time. Very nice application. In RL I run a web development business and have for 15 years. That means I live (and die) by the billable hours of my staff. Based on that I would offer one suggestion to your plan, Ambo. Rather than offer a flat rate per month per coder, instead set them up as actual employees/sub-contractors. The reason being, at a flat rate there is little incentive for the coder to do more than the bare minimum (as set by you). I'd also add that the minimum contribution you've set could be a bit ambiguous. If the coder only spent 1.5 hours last month working on the project, but that 1.5 hours fixed a major issue...is that a significant contribution? Instead, I'd pay them by the hour. Perhaps they could use something like MiningBuddy to keep track of their time. That way your coders have incentive and, if you find a real jem of an employee, you can always turn things over to him/her at that point as you transition out. Whatever path you take, I do hope EMMA continues on and wish you the best of luck!
Ambo EMMA Test Corp	Posted - 2009.03.27 14:30:00 - [15] Originally by: SencneS While this is uncharted waters for IPOs, and one that is interesting with a real possibility of LOSS. I have to ask why use an IPO for this. We are talking 10b here, why not take a loan or even a simple line of credit any one of the banks offer (I believe they all offer them)? 1b Per month per DEV may seem like a lot to some but this is personal time here, and time outside of EVE. With first hand experience in paying Developers for EVE Software, the one major issue is the developer starts to take on a "I do this for work" personality rather then "I do this for fun". So what happens is the developer gets slower releasing updates because it's cutting into the personal time more so then game time. Keep in mind that unless they are Mining in high-sec or doing some AFK hauling they are playing EVE, which means they are not working on the program. This is something to consider, 1) Job Time, 2) Personal Time, 3) EVE Time, 4) EMMA Development Time. When you start paying Developers they squeeze another time block into their day. I bring this up, because it's probably the main reason why EBANK's Exchange has take over a year to almost get deployed. It was a massive project which also meant reprogramming the EBANK software. So it's on a much larger scale then EMMA, however it's an example of what happens when the Devs start to feel worked rather then viewing it as a hobby. You'll want to be careful of that and maybe it would be better if you enforce limits on development per week, or maybe break down the development into groups like - Work on this until it's done, then work on that. Breaking up the project into much smaller blocks and having a project manager (you) allocate those blocks. This will increase the sense of accomplishment the developers will need as the IPO goes on. As noted above, I could stump up the cash myself. The reason for the investment is that I want to make sure more people have an interest in the project being successfull. Also, the 10 bil will act as a buffer to smooth out the income from licenses. It's been fairly steady so far but it's far from guaranteed. I guess it's a kind of security for the developers that there is a pot of money from which they will get paid before anyone else gets a look in. You make a good point about it becoming a job instead of a hobby. That's partly why I put the 500 mil / month clause in there. It allows the developer to take a month off (for holiday, RL issues, whatever) but still get paid and come back to rejoin the team later. Also, if you're being paid 1 bil/month then you might no longer need to haul, mine, mission, etc. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Ambo EMMA Test Corp	Posted - 2009.03.27 14:39:00 - [16] Originally by: The Isz First off, I want to say I'm a big fan of EMMA and have been using it for some time. Very nice application. In RL I run a web development business and have for 15 years. That means I live (and die) by the billable hours of my staff. Based on that I would offer one suggestion to your plan, Ambo. Rather than offer a flat rate per month per coder, instead set them up as actual employees/sub-contractors. The reason being, at a flat rate there is little incentive for the coder to do more than the bare minimum (as set by you). I'd also add that the minimum contribution you've set could be a bit ambiguous. If the coder only spent 1.5 hours last month working on the project, but that 1.5 hours fixed a major issue...is that a significant contribution? Instead, I'd pay them by the hour. Perhaps they could use something like MiningBuddy to keep track of their time. That way your coders have incentive and, if you find a real jem of an employee, you can always turn things over to him/her at that point as you transition out. Whatever path you take, I do hope EMMA continues on and wish you the best of luck! I had considered this but couldn't really think of a way round it. In the end I decided that I did not really expect people to apply to do it unless they actually wanted to be a part of it. It is just in-game money after all. This is certainly somthing I'll be keeping an eye on but I'd like to try and keep it as simple as possible. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Emporia Tzard	Posted - 2009.03.27 15:28:00 - [17] I would definitely be interested in investing in such an idea, probably to the maximum available. But as others have said I think the payment structure for developers needs to be changed. A flat amount for a non-specific amount of work would be difficult to manage. Also if a developer does nothing in any given month why do they still receive 500Mil ISK? For me no work = no money. It is important to get value for money out of your employees so it would be better to identify modules of work, price them accordingly and offer them to the developers to work on. Something like one of the freelance development sites out there (e.g. Guru.com) If you don't get 2Bil ISK of work done one month the money left over could either pay for 'extra' development to be done the following month, kept in the kitty, or added to the dividend. This might even support more than two developers if people aren't willing to do several modules each month. Alternatively you could allocate x numbers of hours of work each month and pay on that basis, but it would probably be difficult to measure work hours done, and/or to predict how long a job was likely to take.
SencneS Amarr Rebellion Against Big Irreversible Dinks	Posted - 2009.03.27 15:41:00 - [18] Originally by: Ambo Also, if you're being paid 1 bil/month then you might no longer need to haul, mine, mission, etc. This example was more of a example of an in-eve activity that would allow you to also work on programming :) I often play other games or read forums etc while I'm hauling or being in a mining op. If I had work to do for something game related I'd use that time to do that instead. A retainer is nice, so riddle me this, why an IPO? and not a Bond? IPOs are kind of forever, if you're looking at a pot of ISK the developers know is up for grabs, a Bond would work best, each Bond matures in a set time etc. Amarr for Life
Ambo EMMA Test Corp	Posted - 2009.03.27 16:31:00 - [19] Originally by: SencneS Originally by: Ambo Also, if you're being paid 1 bil/month then you might no longer need to haul, mine, mission, etc. This example was more of a example of an in-eve activity that would allow you to also work on programming :) I often play other games or read forums etc while I'm hauling or being in a mining op. If I had work to do for something game related I'd use that time to do that instead. A retainer is nice, so riddle me this, why an IPO? and not a Bond? IPOs are kind of forever, if you're looking at a pot of ISK the developers know is up for grabs, a Bond would work best, each Bond matures in a set time etc. Mainly because I can't offer a set rate of return. I could call it a bond... but it would be just the same as it is now. I can't really see that having a set maturity date is an advantage in this case. The buy back allows investors to get thier money out whenever they want. Originally by: Emporia Tzard I would definitely be interested in investing in such an idea, probably to the maximum available. But as others have said I think the payment structure for developers needs to be changed. A flat amount for a non-specific amount of work would be difficult to manage. Also if a developer does nothing in any given month why do they still receive 500Mil ISK? For me no work = no money. It is important to get value for money out of your employees so it would be better to identify modules of work, price them accordingly and offer them to the developers to work on. Something like one of the freelance development sites out there (e.g. Guru.com) If you don't get 2Bil ISK of work done one month the money left over could either pay for 'extra' development to be done the following month, kept in the kitty, or added to the dividend. This might even support more than two developers if people aren't willing to do several modules each month. Alternatively you could allocate x numbers of hours of work each month and pay on that basis, but it would probably be difficult to measure work hours done, and/or to predict how long a job was likely to take. You might be on to somthing there. The idea of the CEO 'pricing up' bugs and features and then paying the developers based upon what they get done seems a much better model and allows for more flexibility. Only problem is that it adds complexity. Certainly somthing for me to think about though. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
flakeys Tier 3 Technologies Inc Lazy is our middle name	Posted - 2009.03.27 16:55:00 - [20] Edited by: flakeys on 27/03/2009 17:00:28 Originally by: Ambo Essentially, I'd be wanting to hand over the job of CEO to someone else at some point in the future. Possibly a developer on the project but it could be someone else. Whoever holds the title of CEO will always be the person to decide on hiring of new devs, determine possible dividend payments, etc. They will also be the one with access to corporate funds. (Perhaps via an ebank account with some special clauses that would come into effect if CEO disappears, etc. need to discuss the possibility and details of this with ebank) You know you are on my top ten loved eve players list and normally i'd invest BIG time in you even if there where no security what so ever.However the 1st line makes me not want to simply because i won't invest in you but in the person who is stepping in your shoes. Investing in a plan/corp of wich you know the executor/ceo will change during the investment for me is a no go. However i wish you the best of luck in this ambo. Edit: Also i assume you have enough isk to fund this whole operation yourself also because you are not going to play eve for a while. Wouldn't it be a much better investment for you to do this yourself also in the light that IF you assign someone else to take over and they screw up big time your name won't be dragged into the mud and a hard earned reputation destroyed.
Vested Interest	Posted - 2009.03.27 17:57:00 - [21] I'd like to see a bidding/bounty system for new feature development with the bulk of the fund staying in reserve for maintenance in case something big happens (I'm thinking of a windows update that kills EMMA where a bunch of us are f$cked until we get working). Maybe EBank could host a forum for ongoing EMMA discussion and sticky all the official bounties? The Sourceforge forum format makes my head hurt.
Drab Cane Mining Emporium inc.	Posted - 2009.03.27 18:41:00 - [22] Ambo, this is a tough call. In a perfect world, what you're ideally looking for is a replacement for yourself - an owner/developer. Someone who is motivated to carry on the 'mission' for the mission's sake, and not necessarily the ISK. Your only chance at success with this is finding an individual(s) that will have that motivation. Paying someone a salary, or even an hourly ISK wage, is just making development a job and the developer an employee. A better arrangement would be to offer a prospective successor an (initially) small stock ownership, say 10%. You're looking for someone who is interested in the long term success of the project, not someone who's just looking for a payday. ----------------------------------------------- - Who Dares, Wins
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.03.27 19:50:00 - [23] would you be willing to sell the rights to it? I have a development team that are paid rates for the work they do on projects for the Ihatalo Cartel and EMMA could easily be added to the project list. ------------------------------------ IHATALO CARTEL'S IGB T2 SHOP - Tech2 IGB shop EVE GAMING - API Secure IGB
Hexxx Minmatar	Posted - 2009.03.27 22:12:00 - [24] I would invest. EBANK - Chairman of the Board \| www.eve-bank.net
Krathos Morpheus Gallente Legion Infernal Wildly Inappropriate.	Posted - 2009.03.28 00:36:00 - [25] For all people saying that this being a bond instead an IPO and discussing about financiation, I think this is more like a donation to the comunity than any other thing. EMMA has no financial problems to be able to financiate itself. I'm glad you want to sort out an arrangement with E-Bank, cause in the case you leave, I would hate to see EMMA failing because of someone scamming the company for the isks. I would take precautions on the code being stolen if this is possible, restricting the access to the code for new devs or something. EVE Knowledge
Ambo EMMA Test Corp	Posted - 2009.03.28 07:38:00 - [26] Lots of very interesting points here. Originally by: Vested Interest Maybe EBank could host a forum for ongoing EMMA discussion and sticky all the official bounties? The Sourceforge forum format makes my head hurt. Hehe, I had trouble with the sourceforge format at first as well. I quite like it now but it does seem to be a bit of a barrier to some people. Originally by: flakeys You know you are on my top ten loved eve players list and normally i'd invest BIG time in you even if there where no security what so ever.However the 1st line makes me not want to simply because i won't invest in you but in the person who is stepping in your shoes. Investing in a plan/corp of wich you know the executor/ceo will change during the investment for me is a no go. You're right, this is somthing that needs to be made very clear. Investors would need to trust my judgement on who could take over, including access to all the project funds. Perhaps there is a possiblity of having some form of zero access ebank account where even the CEO would not have direct access to the isk. I think I need to investigate the options before rewriting the proposal. Originally by: Drab Cane Ambo, this is a tough call. In a perfect world, what you're ideally looking for is a replacement for yourself - an owner/developer. Someone who is motivated to carry on the 'mission' for the mission's sake, and not necessarily the ISK. Your only chance at success with this is finding an individual(s) that will have that motivation. Paying someone a salary, or even an hourly ISK wage, is just making development a job and the developer an employee. A better arrangement would be to offer a prospective successor an (initially) small stock ownership, say 10%. You're looking for someone who is interested in the long term success of the project, not someone who's just looking for a payday. The salary is really an incentive to get people interested. Several people have contacted me already who I know are interested in the project and keeping it going. There is also nothing to stop developers being shareholders, perhaps there could be some shares held back that are available to developers at face value or somthing.. Originally by: Ulecese would you be willing to sell the rights to it? I have a development team that are paid rates for the work they do on projects for the Ihatalo Cartel and EMMA could easily be added to the project list. That's an angle I had not considered. My only concern would be the stability of the Ihatalo Cartel itself. I assume you are the driving force behind it but are there others who would take over if you left or would that be the end of it? Originally by: Krathos Morpheus I would take precautions on the code being stolen if this is possible, restricting the access to the code for new devs or something. Actually, EMMA is totaly open source and has been available to anyone through sourceforge since it's release. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.03.28 08:38:00 - [27] Quote: That's an angle I had not considered. My only concern would be the stability of the Ihatalo Cartel itself. I assume you are the driving force behind it but are there others who would take over if you left or would that be the end of it? You are correct, i'm the head of both cartel alliances (Ihatalo Cartel and Ihatalo Cartel Navy), however there is a management structure in place which at this moment in time consists of 5 senior staff and about 8 managing staff spread amongst the 3 key divisions. In addition to that we have 3 active coders working on multiple projects so to cut a long story short, there is plenty of personnel ready to take the helm should I be unable to be active. ------------------------------------ IHATALO CARTEL'S IGB T2 SHOP - Tech2 IGB shop EVE GAMING - API Secure IGB
flakeys Tier 3 Technologies Inc Lazy is our middle name	Posted - 2009.03.28 08:51:00 - [28] Since i see no reply on this ambo and i am verry curious about it could you tell me -if you want to - why you are not funding this yourself? Reason i would as stated before is because you're reputation here is flawless and this is more handing over your rep to someone else to use or in worst case abuse and i would hate to see your name being used in a bad manner one day in the MD. I know i have nothing to do with it and it is not my call but the offer here to 'sell' over EMMA would be a verry good idea to both get a good amount of isk and on top keep your rep perfect.There could be an implemantation to sell it off yet get an X% per month return on profits if the buyer would be willing to do that.
Mme Pinkerton Caldari	Posted - 2009.03.28 10:49:00 - [29] Edited by: Mme Pinkerton on 28/03/2009 10:49:11 Originally by: Ambo Originally by: Krathos Morpheus I would take precautions on the code being stolen if this is possible, restricting the access to the code for new devs or something. Actually, EMMA is totaly open source and has been available to anyone through sourceforge since it's release. According to the project details as displayed on sourceforge.net EMMA is distributed under the GNU General Public License (possibly version 2?) - however, no licensing/copyright info is present in/with the actual code (don't recall if the binary installer contains a license info). Please clarify the licensing terms of EMMA before withdrawing from development! The term "open source" does not contain any licensing info (even Windows could be considered to be "open source" as governments, universities etc. have access to the sourcecode - they just aren't allowed to modify/redistribute it).
Ayami Sakura Science and Trade Institute	Posted - 2009.03.28 11:42:00 - [30] Sounds like a fun project. I'm a professional .net developer with experience in writing data analysis software and using sql server, but as I'm a pretty busy guy I don't think I'd be confortable with continous monthly commitment. I'm guessing many other in my line of work would say the same thing, but perhaps you're looking for people with more time on their hands (for instance university students). Have you given any thought to the more common project based development approach? I'm guessing you'd have better luck finding experienced programmers if you could outline requirements of new features (or buggfixes) as smaller projects. This way a larger pool of developers can look at the implementation scope and reimbursements of the projects and pick any they feel comfortable that they have the time to complete within the given timeframe. Of course more developers introduces another set of problems. I'm sure there are people in the community with enough time on their hands capable of helping out. What type of source code management are you using if you don't mind my asking? Subversion?

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