Rude Baguette about the Hyperloop:
The endeavour’s main construction is being handled by a firm called Hyperloop Transportion Technologies (HTT). This is where it gets interesting. HTT has managed to attract over 420 high-caliber people — ranging from physicists to designers, software engineers to architects — without paying salaries.
Yes, you read that right. Over four hundred expert individuals, whose collective wages on the project to date would reach into the tens of millions of dollars, are working for HTT without a wage.
Well, first of all, these skilled people are not working without any compensation. They receive stock options, which do not represent a cash outlay for HTT but could one day be extremely valuable for the recipients (or, they may wind up worthless). Most of the staff of HTT do not work full-time either. The minimum commitment is only 10 hours per month. Team members can work from anywhere in the world too.
Not that surprising. But this might get really interesting if and when the Hyperloop becomes a very lucrative new transportation system. (It could have a halo effect on this startupesque approach to organizing.)
