Making (Not Just Finding) the Next “Unicorn” by Building an Equitable Team
When imagining “seismic” ideas—those startups that could become billion-dollar companies—equitable employment probably isn’t the first building block you think of. But in an ever-progressing world, it’s crucial to the sustainability of a company’s performance.
One way we at Seismic will ensure an equitable dynamic is through our positions as active managers of our portfolio companies. By handling the day-to-day operations of startups that we believe have an extremely high potential to “make it big,” we’ll be freeing up time for their leaders to devote their full attention to company growth.
We’ll Do the Heavy Lifting
Our CEO, Steven Weinstein, recently described exactly how Seismic will foster a healthy work environment for its companies, and why something as simple as empowering employees to thrive in their work cannot be left on the backburner. In the article, he puts forth three key components to making this model work:
- Professional resources: We offer all of our companies a high-end suite of benefits, including but not limited to expert mentorship, patient capital, and support networks—all so our startups can reach their full potential.
- Paying interns: Paying every employee for their work is both ethical and logical, as compensation for their efforts nurtures loyalty.
- Student loan bonus model: A large portion of younger employees are saddled with student loans. We’re offering them the option of setting aside part of their bonuses, tax-free, to go toward loan repayment.
While that may seem like a pretty thorough plan already, there’s a lot more to talk about. We recommend reading Steven’s full thoughts here.
You can also visit our offering page to learn more about how we uncover and select the companies we invest in, and for more info on investing in our firm. Also on that page is a link to our SEC-qualified Offering Circular, which details our offering from a compliance perspective.