https://farcaster.xyz/miniapps/53zv0cqlhNrl/ascii-art-ships
- 0 replies
- 13 recasts
- 41 reactions
How do you keep highly skilled devs in your startup? And how do you attract them in the first place? I take it for granted that top talent in this space gets well paid. Getting enough money to live well, support your family, and leave something aside is the baseline. And more or less, whet top talent (in this space) will get anywhere. So, what more can you offer? - The chance of a big exit. Work hard, stay with us, and maybe in 5 or 10 years you can retire for life. - Doing things that make them feel good. Finding solutions to challenging problems, innovating, using cutting edge tech. Working with people you respect. - Building something the people you value (usually other engineers, or communities you are a part of) have in high regard. - Building something a broader audience likes and appreciates. Not a fellow engineer, but a user at the other side of the world, or a relative you see once a year on thanksgiving. There's no magic recipe. For each person each one of these has different weight.
- 0 replies
- 0 recasts
- 2 reactions
If we actually valued project tokens based on potential and not hype, this is how I would like pre-sales to be: The token issuer allocates a fixed supply of tokens, X, into a vault for a predetermined sale window (e.g., 48 hours). During this window, anyone can deposit ETH into the vault. Deposits are permissionless and accumulate as a total ETH pool. When the sale period ends, deposits close and token allocation is computed pro-rata: each participant can claim a share of the token pool proportional to their contribution relative to total ETH received. If someone contributed e, and the vault received E total, they receive (e/E) * X tokens. Optional price floor: define a minimum acceptable token price, min_price. After the sale, if the implied sale price (E / X) is below min_price, the vault reduces the number of tokens distributed. It keeps only X-Y tokens for distribution, such that E / (X-Y) = min_price. The undeployed tokens Y are returned to the project. Participants still receive tokens pro-rata, but based on the reduced supply X-Y rather than the original X.
- 7 replies
- 2 recasts
- 18 reactions