Avi 🤝

Looks great! 👍

Great question, Arun. For me, it was RouteGuru, the world's first landmark-based road navigation/ driving direction app. A success on the creativity front, loved by users and bloggers globally, but a failure on the business front. We couldn't monetize and the then Google Maps India team reverse engineered it and launched it globally from India. It taught me to get paying customers (soft...

We had planned to launch VenEx to this community, and we did. Check us out and share your valuable feedback!

that upvotes are only part of the story 😀

Help at least 10 startups succeed in growing efficiently through VenEx

So so cool!

One imp app segment is apps that help improve the engagement and performance of remote teams through gamification of incentives or financial rewards for them. We just launched VenEx, an app that gamifies this based on Wealth Points that the company/managers can grant to their team members based on their initiatives, performance and longevity of employment. Let us know what you think of it!

Great question. We decided to hire the first employee after acquiring the first customer. The sequence we've followed, at least so far: idea -> customer -> product -> revenue -> hiring

Great topic. One important aspect of the answer is related to the financial rewards for their performance. But short-term, transactional rewards promote short-term/transactional behavior like offer-shopping, lack of interest in strategic initiatives that will give results in a year or two, and so on. One solution is to gamify cash-based upsides for them based on their contributions and the...

All of the above, as you rightly said. Plus, I'm adding another, a bit novel, option to the discussion: A share of future cashflows, like a royalty, limited based on the employee's contributions in the past and the present. This is enabled by VenEx, a SaaS product we just launched to this community today! I'm not sure if this is "the best benefit", but it could be one of the best ways to...

A share of future cashflows, like a royalty, limited based on the employee's contributions in the past and the present. This is enabled by VenEx, a SaaS product we just launched to this community today! I'm not sure if this is "the best benefit", but it could be one of the best ways to build ownership in a way employees and hiring candidates can visualize real gains from the company's growth,...

One thing unique about VenEx is that enables ventures to give extend real cash bonuses or dividends to an employee even after her employment period is over, like a royalty, limited by her contributions to the venture.

We at VenEx, and our customers, are enabling our teams to voluntarily take greater ownership in the business instead of more salary or more stock options. This is made possible by giving them an honest way to create real wealth based on our future cashflows, because returns from stock options are too far out and unpredictable. This is enabled by VenEx, a SaaS product we launched to this...

@kirank5a you have a valid point, but it cannot be a choice, IMO A manager's role in EX is critical, but the manager doesn't control many levers for EX, some important levers being pay, rewards and "systems/processes" for performance management and recognition. Left to functional managers, these imp processes would become extremely ad-hoc, error-prone and cause a lot of heartburn, spoiling...

@kulpreet_singh For candidate discovery, nothing has worked for us as well as LinkedIn has. For interns, internshala. But hiring is also difficult because giving visibility to the candidate for predictable wealth-creation from the future is not easy. Returns from Stock Options are too far out and unpredictable for most hiring candidates. Not a hack, but a solution that has worked - is sharing...

Hey, Kapil. Sharing "real wealth" with them as a merit-based share of future cash flows - is one of the things that has helped us and our customers hire premium talent at lower-than-market budgets and with greater ownership to join and stay. Returns from Stock Options are too far out and unpredictable for most hiring candidates. To know more, check out VenEx here on Product Hunt, and let us...

"VenEx is a new-age alternative/complement to Employee Stock Options" We just launched here today! Do check us out (https://www.producthunt.com/sear...), and let us know what you think. Thanks a bunch!

🥳 🎉 @pooja_kumar3 it's wonderful building VenEx with you and @nitin_venex!