#investmentmeeting

[yourrealtorreena]

Feels so good being out and having in person meetings/showings in the warm weather! Definitely a productive Saturday. I’ll rest next week 🤷🏼‍♀️ #yourrealtorreena #rirealtor #remaxagent #listingofferaccepted #visitswithclients #relcationtori #lakehouseshowings #investmentmeeting #nailedyousaturday (at East Greenwich, Rhode Island) https://www.instagram.com/p/CBZYVzzH1K3/?igshid=1mvztu6kuszk6

[yohanwibisono-blog]

Arsitek Ganteng #investmentgroups #investmentguideofturkey #InvestmentIncome #InvestmentInExcellence #investmentinhealth #investmentinrealestateproperty #investmentinyoungwomen #investmentitems #investmentjewelry #investmentland #investmentlaw #investmentlessons #investmentlifestyle #investmentlobby #investmentmanager #investmentmanditicapital #investmentmanila #investmentmastery #investmentmeeting #investmentmiami #investmentoportunity #investmentpartners #investmentphilosophy #investmentpieces #investmentplanner #investmentPortfolio #InvestmentPrope #investmentpropertystaging #investmentpropery #investmentproperty https://www.instagram.com/p/B-mVWglBbhv/?igshid=igtcdge0y5ri

[topicprinter]

Splitting equity is a difficult but important task for startup teams. This exercise defines ownership and level of authorities.Here is our story of how we got through it.--------------------------------------------------------------Often, startup teams are made up of friends and turning that relationship into “business partners” completely changes the dynamic. It essentially puts a number on the value of contribution an individual has. And no one likes to hear their “value” is less than the expectation or another partner.But in reality, equity has little to no tangible value (unless there is capital involved). There is no customer nor revenue and any valuation tied into it is all hypothesis. Equity is paper money with perceived value and can’t be monetized, yet. It is the carrot reward that founders use to attract talents to work without pay. It is also a promise of the great return in the future for the sacrifices we have to make now. People need to buy into that vision to believe there is value in the company equity.We started Nodis.io with a hard equity split and everyone would get a set amount with no vesting or incentive to work harder. There is no motivation to do more or committing to weekly meetings. When life gets in the way, then the project goes on the back burner. I knew things had to change and I needed to come up with a different equity incentive system.After a few iterations, I came up with a creative incentive system that allows members to earn equity through actions. This new structure with points can be earned through the following objectives:Attending meetingsTaking vacation days to work on the projectCapital investmentMeeting deadline for tasks they were assignedWithout going into too much detail of the math and calculation behind these factors, everyone is working under 1 pool of share. The more 1 person does, the more share he earns, which also means that there are less equity for others to get in the same pool.This new system gave us a significant improvement in productivity. Meeting attendance and task completion rate improved dramatically. People were taking a week or more vacation to work on the project. Money was also being invested. Along with a purposed-driven mindset and a rewarding system, we were able to do more work in 4 weeks’ time than all the previous 3 months combined.The downside was that everyone had to start at a lower share %. My own equity went down 10% and I had to work my way back up even though I was the founder and provided for the majority of the capital. With the original equity structure, I would have gotten more equity when I invested an additional $8K into the project, but under the new structure, I was simply just catching up to my original share.Some may ask if that’s a fair distribution for me? My view is that equity means nothing if there are no products to offer. With the way it was going, it would have taken significantly more time (possibly with lower quality). In fact, that lack of momentum would probably have killed the project eventually. If by reducing my own equity means that we can have a serious commitment to speed up the development, then I feel it’s well worth it.However…This system isn’t without its flaw. One downside is that it didn’t encourage collaboration and the development team was racking up significantly more equity than the business side (myself). Our co-founder didn’t end up getting too many task completion points either because he was focusing on helping the rest of the team. I personally didn’t get anywhere near where I wanted to be because my tasks were meant for a much later stage in the project. The system was also adding unnecessary and unhealthy internal competition.After 2 months of steam, we just had to end the incentive system and locked everything down. But on the bright side, the core team was significantly more committed and the momentum kept on going. In fact, one of our teammate (Sean Zhao) believed in it so much that he recently quit a good permanent paying job to go full time on this project WITHOUT pay and additional equity.--------------------------------------------------------------We are looking to launch our token sale on April 6th of this Year. You can see my profile for a link to join our Telegram to learn more about our Nodis.io project!Original content came from -> https://medium.com/swlh/startup-equity-splitting-vehicle-to-build-momentum-or-the-killshot-of-the-project-d12fc67e0290