Legal Entity
Isgood.ai is an Australian registered Pty Ltd Company, and is a project of the Solutions for Humanity Inc workers cooperative (SFH), which is an Australian registered charity.
Isgood.ai in itself is very much a regular startup, but it is a startup founded on social purpose above all else. As such, 50% of its equity was gifted to the non-profit SFH coop, with the understanding that the startup was to be guided to do good by and for its members, and the rest of the world.
Contributor Status
All contributors to isgood.ai are either volunteers or members of the SFH coop, and governed by the rules and guidelines contained in the “Solutions for Humanity Handbook“.
Who we are
We’re planning to launch in the middle of 2021. Meanwhile, we’re building both our tech and internal structures. This toolbox was designed for our contributors, and is a work in progress. Below is a very short introduction, with links for further details.
Isgood mission is to develop and scale technology that can tackle the systemic challenges facing humanity in the 21st century, and promote #techforgood. All isgood contributors who embrace our culture, have the possibility to join the SFH cooperative after ~3 months (FTE). As a cooperative, we have adopted a governance model called holacracy, which prioritises accountability, agility, autonomy and transparency. (Read more details on our history, our big hairy audacious goals, isgood and tech ethics, our structure and membership, and decision-making at isgood.)
How we work
Our work is organised around independant teams, working autonomously towards Objectives and Key Results (OKRs). For now, we expect everyone to commit at least 5 hours per week minimum, though many people commit much more than this. By joining us, you agree to uphold culture and values, with particular focus on diversity and inclusion.(Read more about how we work together, our tools and workflow, working with OKRs, accountability, culture and values, diversity and inclusion, and IP, NDA and NC).
Startup style remuneration
Isgood.ai is currently pre-revenue and pre-funding. As we grow the organisation, the expectation is that all of us will eventually move towards paid remuneration. In the meantime, because isgood.ai operates as a social enterprise cooperative, we don’t have sweat equity in the same way as most other startups. Instead, we track any early stage unpaid contributions with a system called Impact Points. At a later stage, in addition to salaries, surplus and equity may be distributed among contributors or members of our cooperative, via the isgood.ai project entity. (Read more about impact points and our structure and membership).
The details
The official record of how all this works in in the SFH Handbook. As the handbook is super-long and detailed it can be hard to digest, so snippets from this are in the toolbox to make it easier to get the gist of what we’re all about 🙂
