db79b76590
- Source: inbox/archive/2024-10-22-futardio-proposal-hire-advaith-sekharan-as-founding-engineer.md - Domain: internet-finance - Extracted by: headless extraction cron (worker 5) Pentagon-Agent: Rio <HEADLESS>
47 lines
No EOL
2.6 KiB
Markdown
47 lines
No EOL
2.6 KiB
Markdown
---
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type: entity
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entity_type: decision_market
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name: "MetaDAO: Hire Advaith Sekharan as Founding Engineer"
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domain: internet-finance
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status: passed
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parent_entity: "[[metadao]]"
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platform: "futardio"
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proposer: "Nallok, Proph3t"
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proposal_url: "https://www.futard.io/proposal/B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2"
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proposal_date: 2024-10-22
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resolution_date: 2024-10-26
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category: "hiring"
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summary: "Proposal to hire Advaith Sekharan as founding engineer with $180K salary and 237 META tokens with performance-based vesting"
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tracked_by: rio
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created: 2026-03-11
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---
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# MetaDAO: Hire Advaith Sekharan as Founding Engineer
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## Summary
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Proposal to extend an offer to Advaith Sekharan for founding engineer role at $180,000 annual cash compensation and 237 META tokens (1% of supply excluding DAO holdings), with vesting terms matching co-founder allocations but starting November 2024. The compensation structure includes linear unlocks tied to market cap milestones ($500M = 10% unlock, $5B = 100% unlock) with a 4-year cliff (no tokens unlock before November 2028) and 8-month clawback period.
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## Market Data
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- **Outcome:** Passed
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- **Proposer:** Nallok, Proph3t
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- **Proposal Account:** B82Dw1W6cfngH7BRukAyKXvXzP4T2cDsxwKYfxCftoC2
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- **Proposal Number:** 7
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- **Completed:** 2024-10-26
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## Key Terms
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- **Fixed Token Allocation:** 237 META (1% of 23,705.7 supply including co-founder allocations)
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- **Linear Unlocks:** 100% at $5B market cap, proportional below (e.g., 10% at $500M)
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- **Market Cap Definition:** $1B = $42,198 per META
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- **Vesting Cliff:** No tokens unlock before November 2028 regardless of milestones
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- **Clawback Period:** DAO can reclaim all tokens until July 2025 (8 months)
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- **Start Date:** November 2024 for vesting; October 16, 2024 for retroactive salary
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## Significance
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This proposal demonstrates MetaDAO's execution on its San Francisco core team buildout strategy from Fundraise #2. The compensation structure mirrors co-founder terms, signaling equal treatment of early team members while maintaining long-term alignment through the 4-year cliff and performance-based unlocks. The 8-month illiquid vest with clawback provisions balances commitment verification against team member security.
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## Relationship to KB
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- [[metadao]] — hiring decision for founding engineer role
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- [[advaith-sekharan]] — hired individual
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- [[metadao-fundraise-2]] — strategic context for core team buildout
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- [[metadao-compensation-proph3t-nallok]] — parallel compensation structure for co-founders
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- [[performance-unlocked-team-tokens-with-price-multiple-triggers-and-twap-settlement-create-long-term-alignment-without-initial-dilution]] — implements this compensation philosophy |