Employing innovative thinking in a traditional industry: Equity exchange
for staff-augmentation services
SAN MATEO, Calif., March 26 /PRNewswire/ -- Originate, Inc., a free-
thinking venture technology firm, today announced the spin-out of Originate
Resources, LLC, a full-service staff-augmentation firm. The new venture
offers contract, contract-to-hire, and full-time placement services through
an innovative model that provides discounted pricing to early and mid-stage
startups in exchange for equity. This structure allows entrepreneurs to
conserve valuable cash, while at the same time vesting top notch
IT-staffing professionals in their ventures' long term success.
Originate Resources has attracted some of the staffing industry's top
talent from first-tier technology firms in the Bay Area. "This is an
exciting opportunity for me and the Originate team. I have years of
experience in the technology-staffing field and have never seen anyone
attempt to offer these services in exchange for equity. In our opinion,
this is a huge advantage for start-ups that are not yet in a position to
pay the premiums of a big firm," said Michele Sloan, Recruiting Manager at
Originate Resources.
Headquartered in San Mateo, CA, the new venture has already hit the
ground running, providing services to Bay Area companies including
ID_Media, Fish and Richardson, P.C., ONStor, Asurion Mobile Applications,
Backbase, and Theranos. The firm is also targeting other successful Silicon
Valley technology ventures with the promise of delivering a level of
quality and customer service beyond current expectations.
"I firmly believe that the most important factor in the long term
success of any new venture is the ability to quickly attract the right
high-quality talent. All entrepreneurs know that recruiting top talent is
difficult, time consuming, and expensive. Originate Resources helps by
providing expert technology staffing services to those who need it most,"
comments Rob Meadows, Chairman of Originate, Inc. "We have employed this
model at Originate Labs to provide technology design services & incubation,
and have met with great success. The best part is that by taking equity
positions in our partners, our employees are even more driven to deliver
the highest quality for both parties' long-term success."
Working only with the highest potential customers, partners,
consultants, contractors and employees, Originate Resources plans to uphold
its high quality bar for service and results, while continuing to grow its
team, territory, and service offerings. Discussions are already underway
with top administrative, accounting and legal staffing professionals to
begin offering services later this year using the same equity model.
ABOUT ORIGINATE
Originate, Inc. is a venture resource and elite software development
firm that invests entrepreneurial engineering talent in high-potential,
innovative ideas and teams. The Originate Labs division invests
architecture and development teams, processes, expertise, and experience in
both internally generated ideas, as well as opportunities presented by
select partners. This model allows its employees (innovators) to play a
hands-on roll in investments, such that each receives equity in the
projects to which they contribute. This shared risk / reward structure
provides an alignment similar to hiring a full-time in-house engineering
team, but has the unique advantage of zero to minimal spin-up time. Founded
in 2006, Originate, Inc. is a privately held company with offices in San
Mateo, California. For more information and news on Originate, please visit
http://www.originatelabs.com
ABOUT ORIGINATE RESOURCES
Originate Resources provides comprehensive technical services to
companies from Fortune 1000 to newly funded startups. Originate Resources
was incubated by Originate Labs in 2007 to provide its partners with the
same high quality processes that Originate Labs uses internally to attract
top talent. Spun out on its own in 2008, Originate Resources, LLC today
provides IT and engineering staffing services to some of the Bay Area's
most successful ventures. For more information and news on Originate
Resources, please visit http://www.originateresources.com
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