Discover more from Oleksii Sidorov
Humanism.is — why to sell your company when you can sell yourself
Or why bootstrap when you can hyper-grow?
Investing in founders and not in companies, how do you like the idea?
The math behind really makes sense. Investing in the founders is indeed less risky than investing in the companies—they die less often, but win just as much 💀
Similar ideas have been in the air for a while, mostly in form of turning an hour of your time into stock (that should appreciate), but this project does it differently—you can sell a share of all your lifetime assets 👀
And I don't know what to think about it.
On the one hand, from the venture point of view, the motivation it's not much different from startups. You get capital upfront which you can use to accelerate growth, scale more aggressively, or capture the market, leading to higher revenue in the long term than if you bootstrapped.
95% of 10M is more than 100% of 1M. In this context, giving away some share of yourself (😬) to get early leverage looks reasonable. But why the heck does it feel so wrong!?
Emotionally, it feels like selling your soul. How to sleep at night knowing that all you have is not fully yours? Could you ever be self-employed, or there is no more "self", but only a board of directors? And if by selling 100% you become a slave, this way you're a 5% slave?
But on the other hand, taxes didn't go too far from it. We are okay with giving away 20-40% of all we have for our whole life and sleep tight knowing this. And say, now it will be 21% or 25% instead, who cares, but in return, you get capital that you can invest in yourself as you wish...
It's a really nuanced ethical question, that I feel has to be addressed in a wider public discussion before anyone will sign to commit their lifetime earnings. But the funniest part is, prepare for it… Is that it's called HUMANISM *mic drop*
Source of inspiration: humanism.is/
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