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RE: How should we pay ourselves?

in #startups7 years ago

This sounds like a great idea but I don't think $5,000 would be enough. First off many techies live in expensive cities San Fran, Boston, NYC, London, etc. and for them $5,000 likely wouldn't be enough. Secondly if underpaid people might be more prone to selling votes or voting for self serving things. That said is there an amount high enough to prevent this?

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There may still be some techie types living in Itapemirim, Huamboya, Charallave, Higuerote, Sibundoy and Tupiza.

I'm sure there are, but we should aim for every city to be livable with the pay so we can get the best most committed devs no matter where they are. Then again to get US devs you're paying enough others would join purely for the money but paying based on location seems unfair...

I have not thought of the internal corruption that would lead to selling votes.

The only remedy against this is to have honesty and integrity as core values (founders need to posses these traits) and let go of people that aren't fit.

If votes are equal bad actors working independently or together could slowly infiltrate and corrupt the system. This is pretty much the biggest weakness of our current government. I'm not sure it's solvable though. It's a tough problem to tackle.

Maybe allow only a 70% community vote to fire someone. That way corruption would only occur if it was incognito or the users also became corrupt.

$5000 is more than enough unless you're living in time square.
Unless you're buying prostitute-time or going and getting $100 meals at restaurants every week I really can't fathom even spending $5000/month living a location as an individual or without a huge family.

I'm in Boston and with taxes, retirement, rent, etc. it adds up pretty fast. $5,000 after taxes would definitely be doable though.

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