How many web startups have their products still listed as Beta? How many startups have their startup itself listed as Beta?

Binary Nomads as a management and ownership structure is very much in a beta stage. Contracts come, we find bugs, they go back to the legal dev team, patches get released and we debug our contracts again. Legal debugging is an interesting process and the Binary Nomads ownership structure will have a beta label on it for some time to come. But this does not mean we’re not ready to roll.

Web2.0 is all about rapid iteration. Put it out there, listen to your users in an open conversation and improve incrementally. This is what we are doing with our company. It’s a little more complicated because it’s people’s paychecks. However, while we can think, dream and plan all we want for that perfect product and perfect management structure, in the end it’s the person who launches who wins.

Beta periods are very exciting times. Our beta is going on now as coders, designers and artists create their first products and their own future under our first version. We have learned and improved the process, rapidly iterating on our management, organization and communication models in the same way products rapidly iterate on their features - working towards that perfect system but also working now.

We are about to roll our version 2 of our contracts and we would love to have you be a part of our beta to learn, shape and profit as traditional jobs become more scarce, telework becomes more common and management changes in a new knowledge economy.

Email justin_at_binarynomads_dot_com to get involved in a project or launch your own with us…and be a part of something different.

We’ve all seen the “meltdown” going on around us. No doubt we all know someone affected by what’s happening in the world right now. In the tech sector, this has meant a massive decline in startups, in tech jobs, IPOs and venture capital investments because everyone is afraid to risk real and tangible cash when it seems to be in short supply and instead are hunkering down for the storm.

I am not an economist, so I don’t know why or how to fix what is happening, but at Binary Nomads, we are building not just a company but a model and corporate culture to get innovation going again.

In a this down economy, there are two truths which are undeniable:

1. Highly skilled people are getting laid off from their jobs.
2. Funds are tight, credit is low and exit strategies are not what they used to be.

For lack of a better term, this sucks. People who have so much potential are now looking for lower paying jobs where they don’t have the respect, influence or compensation they deserve. And at the same time, people who have enjoyed the boom in creative and useful tools, fun games, and increased connectivity coming out of the tech sector are in for a dramatic slow down in what’s coming up.

So, to answer this, Binary Nomads is building a company built from the ground up to enable remote knowledge workers to voluntarily bring ideas together, innovate and iterate on them, produce a product and own a share in the profits directly equal to their contributions. If you put in 25% of the work, you deserve 25% of the profits. Plain, clear, simple, respectable.

At Binary Nomads, there are no salary costs, we have our own internal venture capital fund for startup costs, and those who build a product own the profits. We take what people have: time, skill and passion. And we turn it into what they don’t: profit. The only risk is people’s time, and people are much less risk-averse with that so Binary Nomads iterates faster, smarter and more creatively.

Our first projects are in the works now, and we are looking to start several more in the coming months. If you or someone you know looking for a tech job has skill, time and above all passion, in any area, contact me and we’ll see if we can find the right place for you.

Justin AT BinaryNomads DOT com