NewCo

NewCo is a startup launched in 2021 that offers a unique solution to the challenges faced by entrepreneurs in the early stages of launching a venture. The company's slogan, "NewCo app tracks ownership and equity for founders; team logs hours for ownership exchange," encapsulates its key value proposition. NewCo introduces the concept of dynamic equity, allowing team members to log their working hours to determine their share ownership. This innovative approach aims to provide a fair and equitable way to distribute equity within a startup, aligning ownership with effort and contribution. NewCo's consultation with numerous founders in the early stages has led to the development of features such as variable hour rates, dispute resolution, weekly hour limits, bonuses, expenses, maximum buyout clauses, and royalties for concept proposers. These features cater to the diverse needs of startups and aim to simplify the process of team building and company establishment. As an app available on iOS and Android, NewCo aims to streamline the initial stages of startup ventures, reducing the stress and challenges typically associated with forming and structuring a team.