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This sounds a bit wacky and fun, but this does not: "This entire experience is a learning experience. You will be required to put your startup up for auction, t
by jfarmer 17y ago
This sounds a bit wacky and fun, but this does not: "This entire experience is a learning experience. You will be required to put your startup up for auction, to enable people in the team to exit. This clears IP issues, rewards the effort of those who participated, and develops an important skill in itself which is driving the valuation up for something you build. About 20% of the final sale price will be recouped to cover costs of the experience."
- robryan 17y agoA better model would be for the organizers to take a 20% stake and let participants sell their stake to each other if they want out I guess, the numbers involved from 48 hours work wouldn't be big I'd imagine.