Yesterday’s compensation story generated a flood of good feedback. I’ve reworked the policy extensively based on this feedback. Although you’ll see that the basic idea is the same, it’s been refined a lot thanks to my readers, and it’s almost completely rewritten.

The process feels a lot like open source. It’s not really the source code in this case, it’s the blueprint for making a software company which I’m developing, in the open, with feedback and enhancements sent in by a community of contributors. I wrote a bit about Open Blueprint Companies here.

About the author.

I'm Joel Spolsky, co-founder of Trello and Fog Creek Software, and CEO of Stack Overflow. More about me.