wait that's definitely not true
Conversation
I am curious: do you think that payout is reasonable?
No employee of any company gets a deal like that.
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I wasn't commenting on the payout, I was commenting on the fact that Scott had just unambiguously lied and that's not ok.
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Yep. I’m not here to comment on that.
As a separate point. I’m curious if you think this is a reasonable proposal?
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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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Sushi has shown the best and worst of crypto and I think Sam / Alameda absolutely saved a project that is net positive to the ecosystem (5 BPS share to dex token holders is appropriate) the grants to Maki are insane. Maybe 10-15k sushi today (3 weeks of work) + 300k 24-36 mo vest
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to be clear what % of the project do you think should go to the founders? Please answer in a percentage.
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I don’t think a static percentage make sense for a project already at this scale where much of it was not built by the founding team, which is why I’m comping it in terms of a generous view on payment to be received for the scope of work + long term alignment. (1/2)
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I get that ‘1% for founder, 0.5% upfront + 0.5% vested’ sounds harmless but the $ reality contradicts that. If anything 0.1% today (for 1 months worth of work) + 0.9% over a 3 year vesting schedule makes sense. Tbh I’d say 0.1% + 0.4% 36 mo vest for 0.5% total works. (2/2)
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Actually one last thought on this - would make sense to put the vesting portion into the xSushi pool and let Maki draw from that gain while it vests even if he can’t take the unvested tokens. Aligns his incentives strongly w/ other holders.
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