Now software developers can get equity while coding for a startup.
What Is LateLab
LateLab aims to provide you equity by trading codes. Equity will be awarded to the developer after the code is tested and released to the public in beta form.
The equity you receive will vest over a 2 year period, monthly starting immediately after delivery.
In Company’s Own Words:
Late Labs, connects ideas with resources to make them a reality. They provide technical documentation, project management, infrastructure, design, distribution and dinero to make projects a success. And they trade awesome code for equity.
When a developer gets accepted into a project they get access to the full project details, including detailed roadmap, wireframes, and technical documentation.
Before you start development you will sign a contract that lays out all the details, but the basic gist of the agreement is that the amount of equity given to the developer will be predetermined by the project lead (LateLabs employee).