bandwith is a new framework for rapidly developing and scaling a brand new company.
Here's how it works:
First things first -- Hi, I'm Max Koch, the initializer behind bandwith.
To kick things off, I'm going to post a description of the bandwith program and an application form on a number of relevant job boards and forums to attract people of all backgrounds and ages to apply to be a member of either the inaugural bandwith Capital team or the bandwith Social Capital team. Each team will ultimately consist of 100 members and each member will have a 1% equity stake in their team's company. I will provide initial funding of 1,000 USD to each of the two teams, which I will ask to be refunded to me (with no additional interest or anything) if and when the company has over $15,000 in assets. A thousand bucks won't get a team far, so each team will have to bootstrap things until its company either captures investment or starts generating revenue.
The bandwith Capital team is focused on maximizing the financial success of the company that it will form. This is largely focused on generating financial returns, though positive environmental, social and governmental impacts are desired as by-products.
The bandwith Social Capital team is focused on maximizing both the social impact of the company and -- to an equal or lesser degree -- the financial success of the company. This team will likely decide to form either a public benefit corporation or a socially-minded for-profit company, but ultimately that's up to the team to decide on.
On both teams, all initial decisions are made by consensus. Even the rules which govern each team will be developed and voted upon by the team itself, as will the business model (or business models) that are pursued by that team. At some point, the team may decide to vote to allow an individual or committee to make decisions without the whole team needing to be involved, but again, that's up to them.