Hey there, Curious Minds,
Have you've ever wondered how to make startup equity distribution way less stressful, protecting the founders and enabling employees to have more? This episode of "The Novice" is for you. We're diving deep into the future of startups with Rafal Dittwald, the masterminds behind Venture Hub.
What’s Venture Hub?
Venture Hub is a game-changer, an online community and platform designed for asynchronous venture creation with three core innovations:
* Dynamic Equity: Say goodbye to rigid equity splits and hello to a flexible, contribution-based equity model.
* Streamlined Legal and Software Infrastructure: Simplifying the legal and operational hurdles of issuing equity to multiple participants, contributing at random intervals and times.
* A Thriving Community: Connect, collaborate, and create with like-minded innovators from all over the globe, on any projects open to contributors.
Why Should You Care?
Founder breakups are the leading cause of startups going belly up because traditional startup equity models are not designed for change, they try to predict the future with a crystal ball, and often fail to adopt when founders change their minds. Venture Hub flips the script, allowing equity to be distributed based on actual contributions over time. This means less guesswork, fewer disputes, and a more dynamic, fair way to reward those who put in the work.
Why do I care?
Raf is a good friend and a fantastic engineer and he’s been working on this concept for a very long time. While I have my own concerns about this model, I also see the benefits, and I think it’s important to know and understand what other people might want to see in the world, in order to help shape my own narrative.
Highlights from the Episode:
* Dynamic Equity Explained: Rafal and Kirill break down how Venture Hub's dynamic equity model can adapt to the ever-changing landscape of startup contributions.
* Real-world Applications: Learn how this model has already helped their team manage equity in a fair and flexible way across multiple projects.
* Community Power: Hear about the potential for a marketplace where skilled professionals can contribute to various startups and earn equity, just like an open-source software community.For better or worse, I cut out about 10 minutes of the interview, primarily around legal compony structure aspects. You can find more on that in the Venture Hub explainer on their website.
Why You Need to Tune In:
This episode isn’t just for founders—it’s for anyone interested in the startup ecosystem. Whether you’re a budding entrepreneur, an investor looking for innovative models, or just someone curious about the future of work, Rafal and Kirill’s insights are invaluable.
Connect with the guest:
• Venture Hub (vntrhb.com)• Rafal (https://rafd.me)• Rafal on X (https://x.com/rafd)
Connect with the host:
• The Novice Podcast (https://novicemedia.com)• Kirill (https://kirillzubovsky.com)• Kirill on X (https://x.com/kirillzubovsky)
Ready to Dive In?
Listen to the full episode here, on YouTube, on Apple Podcasts, and wherever yo get your shows. Discover how Venture Hub is paving the way for a more equitable and dynamic startup world, and while you're at it, don’t forget to:
* Listen: Your future startup self will thank you.
* Like: Show us some love if you found this episode enlightening.
* Subscribe: Keep up with our latest episodes and never miss a beat.
* Share: Spread the word. This knowledge is too good to keep to yourself.
* Repeat: Got a startup idea? Venture Hub might be your next step. Re-listen and get inspired.
Stay curious and keep innovating, Kirill.
P.S. If this episode doesn’t make you rethink how startups handle equity, tune in for the next one. We promise there’s always something new to learn.If you think you know someone real interesting that I should interview, please let me know, I want to know them too.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit novice.media
