Highlights

• Country: United Kingdom
• Project type: web agency
• Team size: 3
• Use case type: demonstration
• Associate roles: Founder, team members

Context

Rebecca is an experienced web designer based in the UK, previously employed at a reputable agency. She wants to start a new agency with two of her junior colleagues, Kate and Andrew.

She has an extensive network of potential clients and has about 60 000 £ of contracts ready to sign. She thinks these projects would take about 3~6 months to be completed and fully paid. After that, she thinks that she can get about 240 000 £ per year of revenues with this team.

Rebecca’s current salary is 6 000 £ per month, and she has about 20 000 £ cash in savings. That’s enough to cover her living costs for the next 6 months, but not enough to pay her team a full salary at fair market value, which would be about 3 000 £ per month each.

Rebecca decides to use the FlexUp system to offer her colleagues a simple, fair and transparent deal.

Deal structure

She offers Kate and Andrew to hire them with a target salary of 3 000 £, of which:

• 1 200 £ paid in cash (40% Firm),
• 1 200 £ paid as a flexible remuneration (40% Flex), and
• 600 £ invested in the project (20% Credit).

Rebecca would pay herself  a target salary of 6 000 £ per month, of which:

• 1 000 £ paid in cash (16.7% Firm),
• 3 000 £ as flexible remuneration (50% Flex),
• 2 000 £ invested directly in the project (33.3% Credit).