According to Research from the Standish Group, 40% of startups fail due to lack of funding and the impossibility of keeping their teams. 30% of funded projects will get canceled prior to completion due to misalignments in the team, and lack of motivation.
Compensation is a difficult topic, especially when it comes to teams with limited resources. During my second month in the Co.Lab Fellowship I focused on studying and building a map of the compensation space, trying to categorize and understand all the social and practical intricacies of the topic. This article aims to summarize the space and bring clarity to the problems and important aspects to consider for finding a solution.
In this blog, I aim to list and explain the considerations regarding Compensation Models in healthy teams, based on transparency, intrinsic motivation, and decentralization.
In the past month, Iāve been a part of the RnDAOs fellowship swarm, and have learned and grew with the mentors and my peers. I joined RnDAO with I believe a good, but at the same time incredibly vague idea. I want to share the journey of that.
I wanted to take a moment to share my experience during the first month of my fellowship program with RnDAO. It has been an exciting journey so far, and I am so excited about whatās next.
In a world that often glorifies competition and the survival of the fittest, it's easy to buy into the myth that we, as humans, are inherently programmed to compete relentlessly.