Paying a developer in stock/fixed rate? [closed]

Posted by user51648 on Programmers See other posts from Programmers or by user51648
Published on 2012-04-10T15:28:49Z Indexed on 2012/04/10 17:45 UTC
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Filed under:

web-development

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android

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ios

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cross-platform

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payment

I have an idea for a cross platform application. It will require knowledge of several different languages, web development, and system administration/IT. I don't personally code, but I want to pay professionals to do it. I'm wondering how I should go about paying them. Yes, this will be a large project, but I want it done ASAP. Is it ok if I don't pay them by the hour? I really want it to be a set price. Also, is it reasonable to pay them in stock of the company? Like, 20%?

P.S. How do I know how big a project will be in order to give the devs themselves an idea?

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