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Learn how QONQR created a floating equity model. What causes many startups to fail? Many times it is internal disagreements on who is pulling their weight. A startup with 7 partners, some full time, and some part time can be a monster to manage. See how QONQR hasn’t had a single argument over who is pulling their weight after 2.5 years of bootstrapping under a variety of different work schedules and cash contributions. Gamingfying the equity model not only eliminated the work/reward issues, but created incentivization for everyone to accelerate product development. We’ll cover the complicated member control agreement, tax implications, and operational necessities of managing such a model.
Minnebar 8 (2013-04-06)