Interesting idea, although not new (been done in different ways before).
Let me put it to you this way:
Imagine Zuckerberg screwing over Savarin amplified by 10,000.
Giving people value in anything will just drive them to become greedy.
Also, giving stock over a certain threshold of users should possibly classify these startups as public companies.
Review the JOBS Act and make sure you are legally on the right side of the law.
I personally wouldn't support this because those valuations of Uber, AirBnB, etc. are driven by VCs who pump big amounts of cash into these companies with big stock taken in return.
If my small startup is giving away 5-10% of stock to 10,000 people, my valuation will already never reach the values that those billion dollar companies have reached.
I do hope I am wrong though, as I would like to see some type of equity-sharing work (there was some other company similar to yours, but it gave equity in exchange for work put-in).
Let me put it to you this way:
Imagine Zuckerberg screwing over Savarin amplified by 10,000.
Giving people value in anything will just drive them to become greedy.
Also, giving stock over a certain threshold of users should possibly classify these startups as public companies.
Review the JOBS Act and make sure you are legally on the right side of the law.
I personally wouldn't support this because those valuations of Uber, AirBnB, etc. are driven by VCs who pump big amounts of cash into these companies with big stock taken in return.
If my small startup is giving away 5-10% of stock to 10,000 people, my valuation will already never reach the values that those billion dollar companies have reached.
I do hope I am wrong though, as I would like to see some type of equity-sharing work (there was some other company similar to yours, but it gave equity in exchange for work put-in).