What started as a project to rescue our tech startups when Covid 19 hit, we are looking at creating a Volunteer Market Place for tech startups.
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.
> 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
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.
I have no clue why would anyone give out their spare time for free to a company without getting any returns. It's not that it's charity so one could feel better about the world, it's just another tech startup. This is nuts.
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[ 2.6 ms ] story [ 26.5 ms ] threadEveryone'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?
Life is not just about making money. Some wants to get involved in exciting things. See where it might leads to.