Here is a hypothetical scenario:
We are a blockchain startup that just raised 10 million dollars in a crowdsale.
How should we manage our runway?
More specifically, how do we pay ourselves?
Before I go any further, I should say that I have absolutely no idea what I'm talking about. I have been a solopreneur for majority of my productive life, and have limited experience with team work, and absolutely no experience in running companies. Perhaps my fresh, and rather naive view can be useful to re-think the 'standard' way of doing things. Feedback on these ideas is very welcome.
$5,000 a month for everyone
I think everyone should be paid the base salary of $5,000 in notional value. The actual means of payment may vary (Bitcoin, ETH, Fiat, etc), but its underlying value should be calculated and capped to the maximum with each payment.
Why $5,000?
This salary is high enough for comfortable living in most places around the world, but low enough to repel people whom are only interested in the size of the salary, and not the project itself.
Why Everyone?
Yes, everyone should be paid the same. The CEO as well as the junior developer we just hired. By paying everyone the same, we decouple the subjective value of each team member and behind the back politicking (playing favorites, asking for raises, etc...) from the sal
I'm diggin the concept especially weeding out the bad seeds.
good post keep steeming on
You sure about 5000$ People in Croatia would throw me to the wolves for that monthly salary. Our PM makes 3200$ No wonder they are corrupt! :D Thanks for the frequent upvotes!
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://steemit.com/startups/@furion/how-should-we-pay-ourselves
Similar? the post is exactly the same.... but with 670 votes.
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Great post brother keep up the amazing work and keep steeming a head
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Thank You!