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Setting up a company

Creating a client workspace and its first admin.

Longpass operationsCompanies

Creating one#

  1. 1Select New company.
  2. 2Company. Enter the name and choose the web address. The address becomes longpass.co/c/that-address and is what their employees use, so keep it short and obviously theirs.
  3. 3Admin. Invite their first admin by email. They set their own password and take it from there.
  4. 4Issuance. Set the total token pool and the issuance mode.
  5. 5Plan. Configure how the token value behaves (see below).
  6. 6Send the invite. The workspace is live.
Careful. The plan configuration drives every number the client's employees will ever see. Confirm it against the signed agreement before saving, not afterwards.

The Plan step

What drives the token value
Gross sales, gross profit or EBITDA. This is the figure the company reports each quarter, and the token value moves with it. Pick what the client agreed to; Mark's pilot uses gross sales.
How sharply the value reacts
Conservative, Balanced or Aggressive. How much of the company's performance flows through to the token value each quarter. Balanced is the usual choice.
Starting value per unit
What one unit is worth before the first quarter is recorded.
Most it can move per quarter
A ceiling on how far the value can swing in one quarter, up or down.
Cash set aside for payouts
How much of recent performance funds each cash-out window.
Note. Every one of these can be changed after onboarding from the company's Plan and value tab, so an existing client can switch metric or aggressiveness without being recreated.

Inside a company#

Overview
Employees, units issued, current unit value, recent activity.
Plan and value
Record results and publish a unit value. See Publishing a unit value.
Windows
Cash out windows the company has run, and what was paid.
Audit
Every consequential action taken in that workspace, with who did it and when.

Changing a subscription#

Change the plan here and their features follow immediately. Moving somebody down a plan locks the features that plan does not include. Their data is never deleted, so moving back up restores everything as it was.

Onboarding a client well#

  • Agree the plan terms in writing before creating anything.
  • Create the workspace and invite their admin the same day, while it is fresh.
  • Walk their admin through Setting your plan up rather than sending a link and hoping.
  • Publish a first unit value early. A portal showing a dash where the value should be undermines the whole thing.