skylerwiernik

Twitter has long been declining, and Reddit has recently seemed to get much worse for me. Blind is just for bragging about your salary and making insensitive comments about race and sex.

HN is great, but I’m interested in more than just tech and tech people. Any recommendations?

I'm graduating this May and considering many things that could be huge mistakes (both personally, and career wise). If I'm going to fuck everything up, I'd at least like to do it in a way that hasn't been done before.

Hi all,

I'm a startup founder working on developer tools for robotics. I'm still working out my business model, but my plan is to open source the core of the product and offer some SaaS addons and integration services to make a profit. I've been thinking about how to build an open-source community, and one idea I had was to give equity to contributors.

I could put out "bounties" worth a number of points for bug fixes or features. Each bounty is worth a number of points. All of the total points would convert to 5-10% of the company in an exit event, or once the company raises a certain size round. Employees/founders/investors would be exempt from earning points.

I see ways that this system could be abused (such as assigning a 1,000,000 point bounty to someone I want to give equity to right at the end) and I'm not sure how to write this in a way that contributors are guaranteed to get a fair share. What ever I do, I'll have some form of TOS written up by a lawyer.

What do you think? Would this make you more likely to contribute to an open-source project? Does this sound like a turn-off to future investors? Have any existing projects implemented something like this?