Apply HN: Hackinator – Allow hackers to invest in YC startups using code :-)

Re:Apply HN: Hackinator – Allow hackers to invest in YC star... by matrix on Wednesday April 06, 2016 @11:47PM (#11444570)

Conceptually, I love this idea. A few questions:

1) How do you ensure that the work is valued fairly and that realistic expectations are set for scope, etc? When working for cash, these questions are resolved by market forces, but getting paid in something that is difficult to value, I'm concerned there's a lot of opportunity for unhappiness.

2) How do you ensure that the value doesn't get wiped out by liquidation preferences, or some future action dis-proportionally dilutes the value of the shares?

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Re:Apply HN: Hackinator – Allow hackers to invest in YC star... by sharemywin on Thursday April 07, 2016 @03:47PM (#11450067)

1) I would think things could be put up for bid? 2)I think everyone has voting rights(plus legal rights think facebook co-founder). Plus you could have some pretty "contributor" terms drawn up in documents.

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Re:Apply HN: Hackinator – Allow hackers to invest in YC star... by nslindtner on Thursday April 07, 2016 @04:46AM (#11445745)

Reg 2: In my own thinking I have come to the conclussion, that the decision power of the Company has to be given to the developers of the project as well. This Means forming some kind of cooperative structure

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