Project Bootstrap - mdewhirst/sweat-equity GitHub Wiki

Before executing the first equity agreement the Project must be incorporated

Owner incorporates Project and provides initial management

• Project will be initially hosted by Owner

• Project shareholders will reside all around the world

• Project customers will reside all around the world

• Project will own intellectual property assets in software and design

• Project will own internet domain names

• Project will own other corporate entities in future in various jurisdictions

• Project will outsource most if not all computing facilities

• Project will contract most if not all development resources

• Project will contract most if not all management resources

Using the equity agreement, Project recruits a Board of Directors of:

• Chair filled by Owner

• Other seats are initially empty

Using the equity agreement, Project recruits a Management Team of:

• Public Officer / CEO

• Accountant

• Lawyer

Management team establishes:

• Books of acccounts

• Share register

• Monthly reports against business plan

Using the equity agreement, Project recruits a Development Team of:

• Graphic Designer

• Web user-interface (UI) specialist

• Web Developer

• Programmer/DBA

• Systems Engineer

Development team agrees on and establishes:

• Necessary infrastructure

• Coding style

• Communications

• Modes of operation

CEO introduces Stakeholder team (representing customers) to development team

• Development team commences work

• Stakeholders collaborate with Developers to deliver product