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When it comes to compensation, the issue is not what you can pay, but what you can offer to the people you need to grow.
SpaceX is the third company founded by Mr. Musk. Prior to SpaceX, he co-founded PayPal, the world's leading electronic payment system, and served as the company's chairman and CEO. PayPal has over twenty million
customers in 38 countries, processes several billion dollars per year and went public on the NASDAQ under PYPL in early 2002. Mr. Musk was the largest shareholder of PayPal until the company was acquired by eBay for $1.5 billion in October
2002. Before PayPal, Mr. Musk co-founded Zip2 Corporation in 1995, a leading provider of enterprise software and services to the media industry, with investments from The New York Times Company, Knight-Ridder, MDV, Softbank and the Hearst
Corporation. He served as Chairman, CEO and Chief Technology Officer and in March 1999 sold Zip2 to Compaq for $307 million in an all cash transaction. Mr. Musk's early experience extends across a spectrum of advanced technology
industries, from high energy density ultra-capacitors at Pinnacle Research to software development at Rocket Science and Microsoft. He has a physics degree from the University of Pennsylvania, a business degree from Wharton and originally
came out to California to pursue graduate studies in high energy density capacitor physics & materials science at Stanford.
Compensating contract workers involves negotiating a rate that reflects skills and experience, paying in a timely manner, and possibly offering perks such as professional development, says the founder of a company that develops training manuals. A key is not to treat 1099 workers as employees, the author advises.
Kim Smith is co-founder and CEO of NewSchools Venture Fund, which she established in 1998 to transform public education by supporting education entrepreneurs. In NewSchools, Kim created a new "hybrid" approach to
investing in social entrepreneurs. NewSchools uses grants, loans and equity investments to support a portfolio that includes nonprofit and for-profit entrepreneurs who are building sustainable, scalable education ventures. Kim began her
career as a consultant specializing in business-education partnerships. In 1989, she became a founding team member of Teach For America (TFA). She then put her TFA experience to work in the post of founding director of BAYAC AmeriCorps, a
consortium of nonprofits in the San Francisco Bay Area working to develop young leaders in education. Kim's background includes marketing experience with Silicon Graphics' Education Industry Group, where she focused on the online learning
industry, and her role as the founding director of a trade show venture. Kim holds a bachelor's degree in political science and psychology from Columbia College and an MBA from the Stanford Graduate School of Business. In 2001, Kim was
featured in Newsweek's report on the "Women of the 21st Century" as "the kind of woman who will shape America's new century." She is a member of the 2002 Class of Henry Crown Fellows of the Aspen Institute. Kim has also served on many
education venture and advisory boards; these currently include EdVoice, the National Council on Teacher Quality, and the Stanford University School of Education.
Turner is a producer at Electronic Arts specializing in action-hero titles. She is working on her second James Bond game and recently completed production on the Gameboy Advance version for release this November. Turner
joined EA from another area of entertainment and technology: digital music. In 1999 she co-founded and led Gigabeat, a Kleiner Perkins company. Gigabeat provided music personalization and delivery technology and was acquired by Napster in
2001. Prior to Gigabeat, she worked on a series of projects in film and online music in Los Angeles. Turner holds a M.S. and B.A. from Stanford University.
Pairing with charities enables entrepreneurial companies to offer a morale-boosting perk to employees while enhancing traditional marketing strategies, says the founder of a consultancy that facilitates such sponsorships.
As Senior Vice President of Hardware, Matt Hershenson brings a wealth of experience to Danger. He is responsible for Danger's hardware engineering, development and design efforts. Before co-founding Danger, Matt managed
the hardware group at Mainbrace Corporation, a Windows CE systems integrator. Prior to Mainbrace Corporation, Matt served in various roles at Philips Electronics. During his tenure with the Philips Mobile Computing Group, he was
responsible for the hardware of the Velo-1 handheld PC, one of the first Windows CE devices. While at Philips Semiconductors, Matt served as a systems architect, where he played an integral role in the design of numerous consumer handheld
devices, including the Sharp Mobilon, Philips Nino, and the Compaq C-series. Before Philips, Matt was a hardware engineer with Catapult Entertainment, since acquired by Hearme. He was part of the team that turned the vision of multi-player
gaming over the Internet into a reality. He handled all aspects of product development and design for the XBAND Video Game Modem. Matt also played a key role in the product development and design of the Apple Powerbook 150, then Apple's
most affordable PowerBook computer. Matt also co-founded MOTO Development Group, a product design consultancy firm specializing in product development. MOTO aided in the design of many technical products, such as remote controls for Apple
Before co-founding Fluidigm, as Mycometrix, Mr. Worthington held a variety of engineering, operations and marketing positions at Actel Corporation, which designs, develops and markets field programmable gate arrays
(FPGAs) and associated design and development software and programming hardware. Mr. Worthington served in several departments during his tenure at Actel, including product engineering, R&D engineering management, program management,
product planning, and strategic marketing. His last position at Actel was Director, Strategic Marketing and Product Planning. Mr. Worthington received his undergraduate degree in Physics and a Masters degree in Electrical Engineering from
Getting the best out of temporary workers requires that entrepreneurs treat them as neither employees nor pariahs but rather take a middle ground, says the founder of a staffing service.
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