“Unfortunately, without access to one of their contracts, we can’t know for sure what power the broader group of creators actually has. It’s possible that the terms are so favorable for creators that their shadow equity is as good as actual ownership. It’s equally possible, however, that the system was set up in order to keep any meaningful power away from the creators.”
I guess this kind of mixes up some concepts when we ask is nebula really creator owned.
How does the equity get shared upon a liquidation.
Can a creator cash in their shadow equity without liquidation.
Do creators have ‘the potential’ for governance input.
I see some positive in the fact that they offer ownership of the top holding company to big creators as an option. The most invested have the full protection. I can see reasons for having a two tierd system with phantom stocks, mostly in making adding new content creators easy.
But I guess the question really is, is nebula willing to share standard terms of their creator contract?
“Unfortunately, without access to one of their contracts, we can’t know for sure what power the broader group of creators actually has. It’s possible that the terms are so favorable for creators that their shadow equity is as good as actual ownership. It’s equally possible, however, that the system was set up in order to keep any meaningful power away from the creators.”
I guess this kind of mixes up some concepts when we ask is nebula really creator owned.
I see some positive in the fact that they offer ownership of the top holding company to big creators as an option. The most invested have the full protection. I can see reasons for having a two tierd system with phantom stocks, mostly in making adding new content creators easy.
But I guess the question really is, is nebula willing to share standard terms of their creator contract?