We would like to call for the first 10 core team members to form the initial management committee.
As an example of business model discussions, here below are some suggestions from Chris Tidman’s earlier comments. I would like to invite and add similar authors and contributors to this blog.
“Great idea. The shareholder’s registry would be “the list” I suppose, and it would provide members with regular updates from the start up team with videos etc. Could have several levels of shareholders/investors. There should be a payout for investors. If it succeeds and you are the lowest level of participation you should at least get your money back – no interest.
It could have a business plan registry with a $100/plan registration fee for the ones with the plans who will have some part on the board of the new business.
The online team can maintain a registry of hours/contribution/ideas for the “employees” participation, so that when the business starts to make money the company can pay off the start up costs. This should be a public ledger sot that development can be monitored by all the players.
Regular corporate rules could provide the outline for procedures and duties of the officers. Only change that I would like to see is the requirement that no shareholder own more than 1% of the business.”
Please feel free to chime in. Thanks.