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Why were OYC members sometimes given the option to join before building their teams? Isn’t this contrary to the OYC concept? PDF Print E-mail
Friday, 27 November 2009 11:30

Members are always encouraged to join the Portfolio Companies when they are ready.  We want members to build their team first and then join the Portfolio Companies.  There are two exceptions to this rule:

  1. Launch of a new portfolio company – When we launch a new Portfolio Company, there are usually several financial benefits to joining in the first wave.  While some members may not be ready, they may want to participate in the savings.  They also may want to secure a position in the Portfolio Companies tree at a higher level.  This is a business decision we leave up to each individual member.
  2. 30 day grace period – You have a 30 day grace period when you become a member of OYC.  This means that no one you recruit can jump into the Portfolio Companies until this grace period expires.  Once the grace period expires, it’s now a business decision that each member must make.



 

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