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I like this dynamic equity split idea. To really supercharge it: 1. Embody the terms in a straightforward template operating agreement. 2. Automate and integ
by olefoo 14y ago
I like this dynamic equity split idea.
To really supercharge it:
1. Embody the terms in a straightforward template operating agreement.
2. Automate and integrate all of the required bookkeeping in one central piece of software that gets feeds from github, constant contact, dribble, amazon, stripe etc. so that all of the costs and contributions are measured in one repeatable and auditable place; and all the revenue goes through one central checkpoint.
3. Join it to a social milieu like Startup Weekend, so that it's very easy to form new development groups to explore profitable ideas; and so that many experiments can be tried.
4. Harvest the best practices for successful ventures and spread that knowledge around.