THE AOE BAM FUND Equal Pay Model
The "Flat Wage Structure", or "Equal Pay Model" is when all staff of a company get the same salary regardless of position. This not only incentivizes the company to hire the best people, & rewards everyone in a more equity based way, but allows a company to hire many more staff generally for the same cost. Instead of 1 VC at $388,000 a year, we can hire 32 Staff at $1,000 a month in developing countries, changing the careers and lives of 32X the people & bringing them into the VC industry for maximum Impact on multiple levels. The AOE BAM FUND is going to use a "Tiered Flat Wage" structure but customized to the available skills of the team on hand, with an ideal of 1k/month for all if they are all producing at or above a certain level, however those with exceptional performance will have to be rewarded with additional tiers, so we may need to adjust until full.
This idea was born in a church prayer meeting when half the prayer requests were for security in income, jobs, opportunity, providing for family, etc. We saw this opportunity to help more, build a bigger team, make a bigger Impact, serve more people, and "go viral" with this mission movement. That's the whole point of it. Bigger than us.
In Cambodia, the Phillipines, and many other countries, $1,000 a month is a dream income for 99% of the people, and rarely exists outside of a successful business. These will all be full time positions and require full time hours from the VC staff.
30 First team members. Then 30 Developing Nations VCs (Cambodia, Philippines current targets) for $1000/m ($600-$1500/m in production tiers) Developing peaceful economies especially need local VC funds.
*AOE is considering paying the first 30 members in AOE tokens & BAM FUND Tokens to incentivize them to join
On a 5 Million Dollar fund, at 3% fee rate, there is $150,000 a year in fees. 30% of returns as a fee, on the first 1X being 5 million, is 1.5 million, allowing another $150,000 in fees over the 10 years of the fund, so we can hire 30 VC at 1K/m once at 5M in total funds in the fund. The remaining 30% in fees of the other 2-4X of a 5X mandated target will be distributed according to our "Those who do, get" principle of the fund.
(We are charging a "3 and 30" 3% and 30% fee in our fund due the significant advantages of the fund. This is the higher end of 2 and 20 or 3 and 30. See our "Invest" page for more details on this and how we will outperform this pricing)