Created
August 8, 2017 10:17
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| I've come up with a framework (AKA a way of thinking about things) for making decisions together. In a company, there could be MAJOR and minor decisions. | |
| Examples of MAJOR decisions: | |
| - What the MAJOR and minor decisions actually are | |
| - Signing important business partnerships (like the STATS deal) | |
| - Spending more than $X on anything | |
| - Determining what $X is | |
| - The amount of equity | |
| - Decisions to take money from investors | |
| - Hiring C-level (top) executives | |
| - Project direction | |
| - etc | |
| Examples of minor decisions: | |
| - Day-to-day work tasks | |
| - Where someone works from (remote or in the office) | |
| - Free Sampling | |
| - Buying software one needs to be effective at their job | |
| - Time management | |
| - Project details | |
| - etc | |
| For the MAJOR decisions, I think that at least two thirds of all management needs to sign off in an official vote. Most decisions are minor, so that's where we leave people to do their jobs. I would be happy if I knew a company I worked for had this framework. And I also think the equity split should be 50/50 😉 | |
| I'd be happy to explain this more, but what I'm really trying to do is not make the same mistakes we made last time. |
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