DreamIt Ventures 1% Option: To Give or Not To Give... that is the question!

tapinko.com

107 points·tapinko··7 comments

This submission set a new record for sockpuppet upvotes: 104 from 2 ip addrs.

After much debate, the TapInko team has decided to contribute 1% to the common equity pool.

Out of curiosity, why are you asking after the fact?

What will they do about founders that drop out, have vesting for the fund? And for each class of DreamIT [by being titled DreamIT'08 I imagine they plan on having more classes] they'd essentially be running a mutual fund.

Related to me from someone else.

To answer, I'm simply looking for additional input. Another opinion and set of eyes/brains. You do ask some valuable questions though; ones that I'm not sure I know the answer 2 right now.

I do think the general idea itself is a nice factor, differentiating DreamIt from YC.

I look forward to hearing some feedback...

BTW, why does it matter 'From someone well respected, who I won't name here." ? It is not an offensive comment, is it?

nope, just simply stating that it is not original advice, but rather gathered from someone else.

Pete, I think you and the Tapinko team have made an excellent decision. I like it because it's a step in the direction of acknowledging that we're all connected and that the "winner take all" model of modern corporate capitalism -- in which trust is an expendable commodity and which has contributed substantially to the current meltdown of the financial system --needs to be re-imagined in important ways. The 1% contribution doesn't change the incentive that any DreamIt team has to succeed but adds a small tangible reason for every team to hope for the success of all the others.

Neil (from blog)

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