Ever volunteered to help a tech startup?
furloughed.life
furloughed.life
Life is not just about making money. Some wants to get involved in exciting things. See where it might leads to.
Everyone's familiar with UpWork, Fiverr and Freelancer. Their business model is proven.
But what about a similar place where people give their time to help a bootstrapped tech startup?
Do you think this has legs?
We trialled with 20 tech startups and 100 volunteers. All startups are from the UK right now. 90% of volunteers are from UK as well, but there are few from the USA, Sri Lanka and Australia.
Keen to understand whether it's possible to build tech companies, especially pre-investment with employees, contractors and volunteers.
Thanks, Manoj
Share options and warrants fall under benefit in kind.
I don't quite understand how this is legal. UK has national minimum wage. If people are working they need to be paid. People can volunteer if the company is a charity or community service company or non-profit, but otherwise they're workers and need to get at least minimum wage.
Do you know volunteers help many commercial organisations, from marshalling Formula 1 races to help in running exhibitions, etc?