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, the founder has reserved 50% equity for charitable purpose and contributors who bring isgood.ai to life, with the understanding that the startup was to be guided to do good by and for its contributors and partners working to create a better future for people and planet.
Contributor Status
All contributors to isgood.ai are volunteers of the SFH coop, and governed by the rules and guidelines contained in the “Solutions for Humanity Handbook“. At the time of writing there are no paid staff.
There was a bit of a change around this mid-2021, see details here.
Who we are
Until we launch, 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. We have adopted a cooperative governance model (like holacracy, mondragon and zebra co-ops), which prioritises accountability, agility, autonomy and transparency. This is a work in progress, and evolves over time.
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 we 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 (past and/or present), 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 🙂
