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Working with India in increasingly expensive and has always been a bit inconvenient. North-by-South offers a way to do open-source software development with a talented team of developers within or close to US time zones.
How do you hire an employee far from the company's home base, especially in Latin America?
Bank of America is trying to patent the process of getting rid of expensive American workers in favor of outsourced development. Very American of it.
Want to change the world with your start-up? You can, and you don't need to blow a big wad of cash to do it.