Patricia Recarte, co-founder of Cado Networks, discusses the regulatory and cultural challenges of hiring tech talent in Spain compared to offshore contractor models.
“The thing is that in Spain, it's a little bit tricky in that sense, like everything around human resources, social security. So, I mean, if you tell an employee, a Spanish employee that they are hired by a Singaporean company and therefore they don't benefit from certain amounts of public benefits, it's going to be very difficult to hire someone. So they need to be under sort of like a Spanish legal entity to be hired.”
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More from Patricia Recarte
AssertionContradicted
Recarte: Fewer than 5% of US lawyers actually use a CRM
“Actually less than five percent of lawyers in the States actually use a CRM, which is an interested data point.”
Patricia RecarteApr 20, 2022▶ 3:03Estonia Has No Income Tax for Companies - If You Never Declare a Profit
Insight
Recarte: Founders Should Prove MVP Usage Before Hiring a Dedicated Designer
“Unfortunately you need to wait until the product is advanced enough. And it's sort of like, well, I'm not going to say it's strong, but at least you know, you have a working MVP, even if it's based on a shitty design, but at least have that so that, you know, …”
Patricia RecarteApr 20, 2022▶ 14:45Estonia Has No Income Tax for Companies - If You Never Declare a Profit
AssertionSupported
Recarte: Senior US Python backend engineers cost roughly $300,000
“For a senior backend engineer, like someone Who writes in Python, I need to be paying like 300 K for someone who has 10 plus years experience.”
Patricia RecarteApr 20, 2022▶ 21:00Estonia Has No Income Tax for Companies - If You Never Declare a Profit
AssertionPartly supported
Recarte: Senior backend engineers in Spain cost around $70,000
“I mean, Spain is a little bit more expensive. I would say it's more like on the seventies, but again, like it's not 300, right?”
Patricia RecarteApr 20, 2022▶ 21:22Estonia Has No Income Tax for Companies - If You Never Declare a Profit
“Actually, they announced yesterday a new fundraising. Actually, they just became a unicorn.”
Patricia RecarteApr 20, 2022▶ 2:23Estonia Has No Income Tax for Companies - If You Never Declare a Profit
Disclosure
Recarte: MVP build took 14 months and triple the initial budget
“The MVP that I had in mind is where we're sort of getting right now, you know, like after one year and two months, whereas I was expecting that in just like five to six months, again, with like a third of the money that I ended up investing in in building ever…”
Patricia RecarteApr 20, 2022▶ 9:25Estonia Has No Income Tax for Companies - If You Never Declare a Profit
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