We are paying our employees with company shares
This is how most startups pay their employees, at least in part, with shares in the company.
Certain types of employees look for jobs where they can trade their ability to tolerate risk for the chance to make it big.
Whether the shares are held in reserve by the company or created just in time, the result is functionally equivalent.
What is the standard term startups use for this?
"Working for equity."
Historically very common and accepted.
Just new to crypto industry thinking.
An observation: while I agree the metaphor is appropriate, in practice - it doesn't seem to be applicable in the same way.
- For a startup, does every member of the VC team interview every new candidate for each open position?
- How about for a publicly held company - does every shareholder need to vote, in order to approve hiring someone?
What we're seeing is a high barrier to entry for delegates that is playing out in a way of preventing well-intending individuals to properly allocate their time and resources to add value to the ecosystem. While this friction may be intentional to secure the network, it's not doing us any favors in incentivizing the work needed to tell the world about a network that needs to be secured.
Catch my drift?