What to do if your startup is running out of cash

Re:What to do if your startup is running out of cash by Luuseens on Thursday March 26, 2020 @05:28AM (#22691838)

So your solution is to not pay employees. I'll admit, I'm a bit jealous you found people willing to work for free.

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Re:What to do if your startup is running out of cash by cryptica on Friday March 27, 2020 @06:01AM (#22701560)

But it's not worse than how co-founders operate in bootstrapped startups. Initially, they're not getting paid.

The difference in this case is that there is a lot more fluidity in terms of who can benefit from and participate in the project's growth. Also, claims of ownership are backed by a cryptographically-secure financial instrument instead of promises and paper contracts. We know what happens to employees who work for options contracts - In our case, at least their earnings are not going to 'expire worthless'. All directors hold the same type of tokens as employees so there is a shared incentive.

This week we had hundreds of people coming out of nowhere and offering to help us with our marketing in return for a small amount of token.

Seeing this, I have no doubt that cryptocurrency will be the future of startup financing.

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