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11-50 employees
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Financial Services
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San Francisco,San Francisco,California,US
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Simplify Legal & Increase Runway
Worldwide, there are 300 million companies attempted each year, but only 30% of them become legally incorporated. In the US, approximately 90% of new businesses fail in the first 2 years. What if there were a way to simplify the legal and tech issues even before company formation while reducing cash burn?
Mastly’s platform is Equity Management as a Service. We offer a one-size-fits-most framework to organize a team, increase the runway, and distribute equity, all for a low monthly fee. A key element of our core product is that equity can be dynamic: we adjust a specific performance-based equity pool according to the productivity inputs of each team member. Our model lets team members earn equity in lieu of wages, so our service reduces payroll expenses by 25%-50% and legal costs by 5x. It naturally fosters an ownership mindset among all collaborators -- from 1 to 1000+ -- because workers can see their equity position change in real time. Later, when a landmark event occurs, a fair distribution is ensured.
Our system empowers founders to maximize motivation among stakeholders by aligning the entire team financially with the long term success of the company. The system also includes automatically-updated best-practices in each regulatory environment. Our legal documents avoid taxation problems that are currently produced by stock-options and RSU plans.
Mastly has been available in limited beta to five paying customers. These customers onboarded over 150 workers (users) who have logged over 95,000 hours. These companies have paid $2.1M through the Mastly system and saved $4.8M on their payroll.
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Upstock Email Formats | Example Email Formats | Percentage |
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{f}{last} | [email protected] |
75.00%
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The widely used Upstock email format is {f}{last} (e.g. [email protected]) with 75.00% adoption across the company.
To contact Upstock customer service number in your country click here to find.
Casey Fenton is the CEO of Upstock. To contact Casey Fenton email at [email protected], [email protected] or [email protected]. Or you may call +1.4157864546 or +1.4151231234
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