janesh's posterous

Floating Equity Model for Founders

For founders confused as to what each person should be doing in a Startup v.s. how much equity each person should be getting, it may be better to agree on a Floating Equity Model.

  1. No % Split of the company is set in the beginning.
  2. Each person identifies the responsibility he can take care of, and set targets against them, which are mutually agreed.
  3. Based on the contribution impact to organization, a % is allocated to those targets (plus an upside incase the objectives are over achieved).
  4. Similar to vesting - those folks who meet their targets get their target % of equity, or even more depending on the agreed upside.
  5. People who do not meet their targets take a beating on their equity.
  6. I think inherently the model reinforces the necessity of each party to do more to get the company going forward.
 -Janesh

Update: FIRA Robot World Cup, Bangalore 2010

FIRA

The 15th FIRA Robot World Cup & Congress Bangalore 2010
15 – 19 September 2010
 Amrita Vishwa Vidyapeetham, Bangalore (website /map)

Dear All,

As we near towards the 15th FIRA Robot World Cup & Congress, Bangalore 2010, I wish to share a few updates from FIRA.FIRA Yuvi

  1. MIT Technology Review covers trends in Robotics Technology, and talks about FIRA 2010 Bangalore, and Robot Soccer in Detail. Read the article here
  2. EFY Magazine Supports FIRA 2010 - EFY Magazine, one of the most well-read technology magazines in India, has partnered with FIRA India to display full-page Robotics awareness and FIRA focussed Ads in their monthly publications - EFY Magazine, and EFY Bazar
  3. Amrita Vishwa Vidyapeetham Bengaluru Campus shall host the FIRA Robot World Cup and Congress. Amrita provides easy accessibility, peaceful and quiet atmosphere, and is an international level university that actively promotes science and technology. 
  4. IEEE Bangalore Section is a Technical Co-Sponsor for FIRA 2010. IEEE is one of the most well-recognized global bodies that have redefined the standards in Engineering. 

We hope to keep you posted from time to time on the developments leading up to the big event. For sponsorship, media partnership or enquiries, please write to secretariat@fira.in. You may also follow us on Facebook, or Twitter (@firaindia) to receive real-time updates on developments. Looking forward to your support and presence at FIRA 2010.
 

Yours Sincerely, 

PV

 


 

Dr. Prahlad Vadakkepat