Invoices

Please send your invoice at the end of each month via Flexile.

Expenses

Retreats are fully covered. Any costs associated with attending that once-a-year retreat can be expensed.

Business class tickets are not covered; premium economy tickets are.

Everyone is also invited to a board meeting once a year. Travel, accommodations, and food can be expensed (if you have to ask, expense it).

• Up to n + 2 nights (n days of events, up to $350/day)
• If you want to work for a week, you can expense all nights required (e.g. n + 2, or 7 nights)

Besides that, you’re expected to cover other costs, as well as not feel bad for exploring the city and playing (instead of feeling obligated to work). Sahil may cover some meals and activities for large groups on an ad-hoc basis.

Things not covered:

• Coffee, tea, snacks
• Daily transportation
• Solitary meals

Earning equity

Every year, you will be allowed to choose a percent (0% - 80%) of your hourly rate to take in equity. At the end of the year, you will receive a cash bonus = the Exercise Price of the shares.

We are using $100M as the current conversion price of the options, and the current Exercise Price is $4.30.