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> Instead of employment contracts, people should be able to work when they want, how they want, and where they want... We call it crowd-founding. Investors get

by arikrak 12y ago

> Instead of employment contracts, people should be able to work when they want, how they want, and where they want... We call it crowd-founding. Investors get to diversify their investments but founders usually are bound to the success of one company. If people could really do "crowd-founding", they could diversify into many different projects. Q: Successful startup require one group focused just on the startup. A: Perhaps a startup could have a core team and a larger group of crowd-founders (who could also be crowd-funders) to help with other aspects. Q: How would equity be allocated fairly? A: This would need to be dealt with, but as mentioned in the post, it could be "determined by the community" in some way. Also, if the founders are funders, they will be willing help out like advisors do, even without additional equity.

awwstn 12y ago
Good points. Each product on Assembly has a Core Team, which takes the lead on vision, quality, etc. The Assembly Getting Started page (https://assemblymade.com/getting-started https://assemblymade.com/getting-started) covers a lot of this. Here are some relevant bits from that page: Collaboration Assembly apps are built by everyone, and like successful open source products, each app also has a Core Team of contributors. The Core Team influences the vision of the app and the standards for quality, and determines which contributions are accepted. It consists of the most active and respected contributors on the app. The Core Team may comprise the original creator, Assembly staff members, and members of the community who help make the product a reality (that’s you!). Some people work on Assembly projects for just few hours a month. Some put in 40 hours a week. It’s up to you to work on what you want, when you want, where you want. The best part is that if you step away, the project keeps moving forward. Ownership The ownership of an Assembly product is distributed through App Coins. App Coins can be earned primarily by contributing to a product (design, code, copy, etc.). You can also receive “tips” in the form of App Coins when you provide insight, advice – or simply make someone laugh. When an app launches and starts earning money, the profits are split each month among everyone who helped build it – based on the percentage of ownership each person has. While the emphasis is on collaborating to create apps with sustainable earnings over the long term, people also occasionally ask about acquisitions. The answer is, if a company offers to acquire an Assembly product and the product’s core team decides to accept the offer, that income would be distributed (after expenses are paid) based on App Coin ownership, just like any other revenue.

by arikrak 12y ago

awwstn 12y ago

Good points. Each product on Assembly has a Core Team, which takes the lead on vision, quality, etc. The Assembly Getting Started page (https://assemblymade.com/getting-started https://assemblymade.com/getting-started) covers a lot of this. Here are some relevant bits from that page: Collaboration Assembly apps are built by everyone, and like successful open source products, each app also has a Core Team of contributors. The Core Team influences the vision of the app and the standards for quality, and determines which contributions are accepted. It consists of the most active and respected contributors on the app. The Core Team may comprise the original creator, Assembly staff members, and members of the community who help make the product a reality (that’s you!). Some people work on Assembly projects for just few hours a month. Some put in 40 hours a week. It’s up to you to work on what you want, when you want, where you want. The best part is that if you step away, the project keeps moving forward. Ownership The ownership of an Assembly product is distributed through App Coins. App Coins can be earned primarily by contributing to a product (design, code, copy, etc.). You can also receive “tips” in the form of App Coins when you provide insight, advice – or simply make someone laugh. When an app launches and starts earning money, the profits are split each month among everyone who helped build it – based on the percentage of ownership each person has. While the emphasis is on collaborating to create apps with sustainable earnings over the long term, people also occasionally ask about acquisitions. The answer is, if a company offers to acquire an Assembly product and the product’s core team decides to accept the offer, that income would be distributed (after expenses are paid) based on App Coin ownership, just like any other revenue.