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Nice idea and initiative. I admire the effort. Some feedback on the name: while it succinctly denotes how it works, I feel it has some negative connotations.
by PabloOsinaga 15y ago
Nice idea and initiative. I admire the effort.
Some feedback on the name: while it succinctly denotes how it works, I feel it has some negative connotations.
For a founding team and investors to commit 1% of equity to charity, it is a big deal. "1% is nothing" sound patronizing. Moreover, I don't know any single founder that wants to be associated with someone that characterizes the value of his/her startup as 'nothing' - as in 1% of nothing - i.e., your company is worth nothing.
Of course I understand the spirit of where you are trying to go, but as a byproduct you are generating this negative (unconscious?) connotations that I would try to avoid.
Perhaps '1% means a lot' or something along those lines would be more appealing.
- tlrobinson 15y agoI don't have a problem with the name. I think most founders/investors will see it as meaning the current value of the company is insignificant compared to what they hope it will one day become.
- indiekid 15y agoThanks for the comment, and I appreciate your honesty. When we say "1% of Nothing", it means (and generally has been assumed by most) that it refers to when the company starts. Clearly once the company has traction, it's not worth "nothing". But the thing is - the name is to provoke an emotion. First it's to make you realize that you still keep 99% of your company, or even just 99% of the shares that you've been granted. Second it's to point out that at the early stages, it really is worth basically nothing on paper. Obviously there's far more value in it than that, but we're trying to stir up a reaction - good or bad - that can prompt a thought.