Compensation empowering Collaboration
Collabberry was born out of the Fellowship program of RnDAO and Arbitrum, where we did an extensive research on the problem-space of Compensation in early stage teams. More info about the program here : https://www.rndao.io/colab/fellowship
Compensation in centralized organizations is tricky, and even trickier in decentralized ones, embracing collaboration.
To achieve a collaborative environment, we need to align incentives in the team. Web3 has been exploring that since its beginning and yet, we still don't have a tool that covers the needs of an early-stage team.
Early-stage teams struggle to maximize their runway while attracting talent and building a strong team to deliver on a common goal.
Contributors seek recognition and rewards (oftentimes in ownership) according to their contributions to the project. Contributors are often frustrated with the lack of financial distribution and ownership and they feel discomfort negotiating their salaries. Furthermore, compensation based on negotiation, often results in unfairness, as not everyone has the skill set to do that.
The founders, on the other hand, struggle to form the team as they are not in a place to give competitive salaries.
The solution requires to be:
- leveraging transparency in compensation for fostering trust and equality
- harnessing collective intelligence through peer-to-peer assessment
- implementing a concept of Basic Income for meeting contributors' needs
- embracing co-ownership to align incentives
- leveraging Web3 technology for enhanced trust and fairness
This is how we designed Collabberry.
Collabberry leverages peer-to-peer assessment and dynamic ownership to create fair, transparent, and efficient compensation models for startups and early-stage projects.
Collabberry simplifies collaboration with three key steps: agreement setup, peer-to-peer assessment, and dynamic compensation, split between Team Points for tracking ownership and monetary compensation, ensuring that the contributor's basic needs are covered.
This innovative approach makes Collabberry an essential tool for equitable teamwork.
Additional Resources:
Read the paper here: https://mirror.xyz/migrenaa.eth/RwxcpsCkoeKITWNNadpVqwgcBW2hVr-xQIK2p7AATD8
Read about the initiation of Collabberry here: https://mirror.xyz/migrenaa.eth/RwxcpsCkoeKITWNNadpVqwgcBW2hVr-xQIK2p7AATD8
Recently we ran an extensive user test with RnDAO's team, read our findings here: https://mirror.xyz/0xbE5Fc9e8F3AD6EA0bD0562C59De70B5cc723C9d3/sBLwIJXMjYRNzJ6PYwjyTg9sIFvDsJNWWwkYXvHwGYM
Collabberry History
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accepted into GG22 OSS - dApps and Apps 4 weeks ago.
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accepted into GG21: Thriving Arbitrum Summer 3 months ago.
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accepted into CollabTech Round and Thresholds Experiment 3 months ago.