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Shubham P
•
Self Improvement • 1d
Most startups raise funding from investors in exchange for company shares, and then use that money to pay salaries to their employees, market the product and all. But what if we skipped the middle step? Instead of raising money and giving away shares to investors, we’ll directly give shares to the people who join us. We are using this method to begin our hiring process first, and later we’ll expand to marketing and other operations in the same way. Employee won’t just earn a salary—they’ll earn a part of the company every month. Here’s how it works: • Instead of a typical salary, you’ll receive monthly shares in the company, just like ESOPs, with a proper vesting schedule. • To help you manage your daily expenses, you’ll work 6 hours a day on the startup, and for 2 additional hours, you’ll take on freelance projects with the team. The income from these projects will cover your monthly expenses. READ MORE 👇
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