PlayBook
  • Hello World
  • Principles
    • Understanding Truth
    • System Values
    • Limits of Engagement
    • Long-term Players
  • Starting at TVP
    • Applying
    • A-Player Attributes
    • Compensation Principle
    • Joining
    • Short-Term Hires
    • Guest Co-passengers
  • Failing at TVP
    • Realignment Solitude
  • Succeeding at TVP
    • DKRs and Goal Setting
    • Feedback Loops
      • Monthly Status Check
    • ETA Culture
    • Daily Logs
    • Weekend Syncups
    • 6-month Audit
  • Operating at TVP
    • Silent Meetings
    • Effective Communication
    • Work Schedule
    • Taking Time off
    • Getting Paid
    • Jarvis
    • Upgrading Playbook
  • Evolving at TVP
    • Basics of Ascending
    • Problem Solver Path
    • Problem See-er Path
    • Organisational Maturity Path
    • Team Maturity Path
  • Exiting TVP
    • Celebrating Goodbyes
  • Executing at TVP
    • Empathy in a Team
    • Understanding 'Done'
    • Self-Reponsibility
    • Critical Constraint
    • Purpose Driven Action
    • Level 2
      • Affordance
      • Second Order Thinking
      • Truth Seeking
      • Systems Thinking
      • Compounding
    • Level 3
      • Observe
      • Understanding Value
      • Output as a Process
      • Seeing the Real 'Why'
      • Leading
    • Alpha
      • Run-time Outcome != Output
      • Asking the Right Question
      • Understanding Value
      • Influence
      • Team as the atomic unit
  • Changelog
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  1. Starting at TVP

Compensation Principle

Our goal with salary (base pay) is that it checks the box of "enough" for individuals who are excited about working here (because of our mission, people, and work) and then fades into the background.

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Last updated 4 years ago

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Median Pay

We follow a level-based structure corresponding to each . The idea is to prevent salary (base pay) from becoming a guessing game. It's simple and straight forward.

Earnings here have 4 components:

  1. Base Pay: This is decided by the level-based structure and is a function of your skill level and status on the .

  2. Success Pay: This is a function of the process you are the part of and usually adds another ~1x on your base pay. Success payouts occur when you win.

  3. Equity: This kicks in at level 3 as an additional percentage of your base and is dispursed monthly through liquid tokens.

  4. Equity-based dividends: Dispersed annually, and in equal-weighted ratio of token holdings.

This structure eliminates the need for a manager that decides your price. Instead, it lets your actions do it in a permissionless environment. Thus, putting you in control.

The system is designed to afford personal growth with unlimited upside and limited downside.

Recommended read:

Ascend Level
DEEP DIVE
ascend path
Liquidity and Team TurnoverChamath Archive