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<p>[QUOTE="Matt, post: 170603, member: 1"]</p><p>I spoke earlier today of abundance. I've also talked a lot about how I don't want to 'own' the content on the Forum, and that my big picture goal of Saverocity is to help people live their life better.</p><p></p><p>What I'd really like to do in order to back that sentiment up is to give away equity in the company. But right now I'm not really sure how to best do it, I turn to you, the gamers, to help me get it right. I'd like to give away equity to both the bloggers who write on Saverocity.com and also to the members of the forum. I see these as two distinct events and will focus on the forum for now.</p><p></p><p>Some thoughts:</p><ul> <li data-xf-list-type="ul">I'd rather give away options than actual equity because I see it being easier to manage (don't want to worry about distributing small amounts of money each quarter to many people)</li> <li data-xf-list-type="ul">I'm wondering about vesting - how can we ensure that the people who get the options vest properly (both to be fair to them, but also to protect the company and not give away to the wrong people?)</li> <li data-xf-list-type="ul">If I allocate a finite amount of stock options, how do we then allocate them? </li> </ul><p>I'm thinking about the recent Jet.com promotion. Their terms had vesting occurring at a liquidity event. Therefore should we ever sell Saverocity the options would convert and holders would receive a payout. I'm not actively seeking an acquisition or IPO, but if something like this did ever happen in the distant future I really like the idea of the community benefitting from it.</p><p></p><p>So, over to you folks. If you can come up with a solution that is fair, and isn't gameable (such as 'one share per like...') then I'd be ready to action it. Initially I have allocated 10% of the entire company to this project. I'm allocating a separate amount to the bloggers. I think that this allows enough room to do something similar in the future, or to bring in investors if needed.</p><p>[/QUOTE]</p>
[QUOTE="Matt, post: 170603, member: 1"] I spoke earlier today of abundance. I've also talked a lot about how I don't want to 'own' the content on the Forum, and that my big picture goal of Saverocity is to help people live their life better. What I'd really like to do in order to back that sentiment up is to give away equity in the company. But right now I'm not really sure how to best do it, I turn to you, the gamers, to help me get it right. I'd like to give away equity to both the bloggers who write on Saverocity.com and also to the members of the forum. I see these as two distinct events and will focus on the forum for now. Some thoughts: [LIST] [*]I'd rather give away options than actual equity because I see it being easier to manage (don't want to worry about distributing small amounts of money each quarter to many people) [*]I'm wondering about vesting - how can we ensure that the people who get the options vest properly (both to be fair to them, but also to protect the company and not give away to the wrong people?) [*]If I allocate a finite amount of stock options, how do we then allocate them? [/LIST] I'm thinking about the recent Jet.com promotion. Their terms had vesting occurring at a liquidity event. Therefore should we ever sell Saverocity the options would convert and holders would receive a payout. I'm not actively seeking an acquisition or IPO, but if something like this did ever happen in the distant future I really like the idea of the community benefitting from it. So, over to you folks. If you can come up with a solution that is fair, and isn't gameable (such as 'one share per like...') then I'd be ready to action it. Initially I have allocated 10% of the entire company to this project. I'm allocating a separate amount to the bloggers. I think that this allows enough room to do something similar in the future, or to bring in investors if needed. [/QUOTE]
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