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In general what % of a project do you think is reasonable to go to founders? I mean if your answer is '0%, founders shouldn't get rewarded', that's fine, but wanted to check if that's true, or otherwise what % you'd say.
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I think if founders end up with 20% of a public company that’s great. For protocols it feels like sub 10% is more optimal. For 2 weeks work that largely involved forking others’ work, it feels like a lot less. What if it was 100k sushi vesting over 5 years with a 1 year cliff?
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If there was a solid team of 4-5 I’d say 1% since 99% of the work was forked. Vested over 5 years. I don’t view these people as founders or builders. They are migration and duplication engineers. If they invent something new and innovative, that’s different.
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Sure, so if you actually think 0.10% is the right number, then that's cool. I think it's hilariously low and you'll basically never find another project or company with a number that low (except for ones that decide it should be 0, which is a choice you could make!)
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Sam, come on. I offered up my office and any capital I could spare to help Uniswap get off the ground. Please don’t get on the high horse here. I have found this entire episode incredibly distasteful and was trying to engage in a fair discussion about vesting.
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No. I hate any project having absolutely no vesting. Ethereum included. I also dislike the tone the entire community took towards the people who actually built the original. Cloners are not founders. They are hired guns that should be treated as such.
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