11 ms·
This idea has seen some possibilities with a recent article on HN about a few co-ops popping up around the SF/CA area (at-large). Most of the other guys here s
by phantom_oracle 11y ago
This idea has seen some possibilities with a recent article on HN about a few co-ops popping up around the SF/CA area (at-large).
Most of the other guys here seem to think of the co-op as a:
structure where multiple independent freelancers work on a project in a unified manner
This isn't what it should be. A co-op should be something in between a coding sweat-shop and the freelance world.
Profits are always shared but the work is more "secure".
Structuring it is a bit more difficult and I personally would look to the lawyer/big-4-accounting/consulting style structure, where there are: associates, junior partners and senior partners (it can be less formal, but there should always be a few guys in charge)
It would also be better to be more equitable with the profit-sharing compared to how those guys do it, but your "rain-maker" who pulls in the million dollar contracts should obviously be earning a lot more than the guy coding out simple backends in Meteor.
I've considered this myself deeply, but the logistics of building out such a company/co-op (it has to be remote as well, IMO) would mean that the "founders" would eventually end up taking big salaries to compensate for all the initial effort they put to build the company (which would still be less than equity-rewards that a regular startup would see).