> On Oct 12, 4:37 am, "Sjors Provoost" <[EMAIL PROTECTED]> wrote: >> On Sun, Oct 12, 2008 at 9:19 PM, baker <[EMAIL PROTECTED]> wrote: >> >> > Have you looked athttp://www.fairsoftware.net/ >>
Thanks Alain for answering my comments. I'll just comment on the ones where I did not make my point very clear. >> * shares have no "absolute" value; it's just a percentage. In >> particular, there's no ceiling. > > What do you have in mind with a "ceiling"? A ceiling means that if you work 10 hours at $100 per hour, you will never get more than $1000, even if the company becomes the next Google. That's related to the question you ask in your next mail, so I'll explain my motivation in a minute. >> * contributors are suddenly contractors of another (USA based) >> company, in stead of owners (and here in Australia) > > True. If they were contractors of an Australia-based company, would > that be ok, or are you objecting in general to the notion of > contractor vs. owner? I agree with you that owner is better in general > (which again, with the private exit, you can become). But if you look > at startup costs, owner is an expensive title. I don't see the US v.s. Australia thing as a fundamental issue, although it practice it might complicate stuff in case of dispute because we would be dealing with a foreign legal system, etc. My problem is the fact that there is a third party involved in the whole ownership equation. If the private exit option is completely straight forward, with no strings attached, I would probably be ok with it. But is it? I'm all for trusting people, but how can I be 100% sure that if I accidentally start the next Google, the (future) shareholders of FairSoftware don't decide to play dirty? I am a bit uncomfortable with that, but it might just be FUD. >> * they take a percentage > > True. At some future point, we may be able to live off service > provider advertising maybe, so we don't even have to charge any > commission at all. If that's the only problem, we'll fix it. It depends on the lock-in factor. If there is a guaranteed possibility of a smooth private exit, that is not a show stopper; then there will always be room for negotiation. Sjors --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Silicon Beach Australia" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/silicon-beach-australia?hl=en -~----------~----~----~----~------~----~------~--~---
