Founders

Apparently this is a controversial idea, 

Milestone based equity/comp > time based 

Yes, you’re going to need to adjust alignment when milestones adjust. You should be doing that anyway.

@backpack put a bank in your pocket and use your money whenever, wherever, however without permission

/backpack
/notdevin
icebreaker.xyz/notdevin

backend eng; full-stack curious

writer, icon, retired rave queen

Depends, the goal isn’t to withhold, the goal is to achieve. Fault is rarely evenly distributed, if your team falls behind because of one individual then it’s still a team failure, fault is only obvious in context and there’s no absolute rule that works

this is often worked into compensation at larger cos

if your team misses a milestone because a vendor screws up are you just going to with-hold pay from them? or punish an entire team for the sub-par performance of a few?

Developer 🤓 build, develop and operate Farcaster solutions @ dtech.vision also love tech, decentralization, fitness and oldschool rap 😎

Totally, and at the early stages a startup should not be looking for an employee, they need dedicated savages

It’s my default.

Hard to do for employments though since employee mentality often is „I just want X per month“

Working to make payments fast, cheap and private 

All casts are my own.

Yeah I don’t really get it. It’s almost as if none of these people have ever thought critically about how to create the best performance or outcomes. If we compared outcomes in sport vs outcomes in business, I think we know which domain produces more exceptional outcomes and that’s not because one is a game and the other is not, they’re both games we just pretend the business game is something else when it’s not

Wow I havent opened up this app in like 4 months and this is the first thing I see. So relevant. I’m on a board where the other members also think this is controversial. It’s mind blowing and I feel like I’m dealing insane people. I want people incentivized for performance.

Good game theory and systems thinking.

Controversial only for those who don't understand.

Controversial? I call it common sense! Why should I be rewarded just for clocking in? If I hit milestones, I expect extra perks. And if those milestones change, I better see a nice little adjustment in my favor, thank you very much! 😉💼

If it's a pure milestone i.e. DAU or Revenue then it makes sense.