Everyone
What Longpass is
A way to give your team a real share in how well the company does, without giving away shares.
Longpass lets a private company reward the people who help it grow. Employees receive units. Units gain value as the company grows, and can be cashed in at set times. Nobody receives shares, so ownership of the company does not change and there is no paperwork with lawyers.
Think of it as a bonus plan that is written down, tracked in one place, and visible to the employee at all times.
The idea in one paragraph#
The company decides how many units to give someone. Those units are earned over time, or by hitting a goal, or both. Once a year or once a quarter, Longpass works out what one unit is worth based on the company's results. When the company opens a cash out window, employees can ask to convert some of their earned units into money, which is paid through normal payroll.
Why companies use it#
- People stay. Units are earned gradually, so leaving early means leaving value behind.
- Effort is rewarded. Units can be tied to a specific goal, so good work has a direct payoff.
- No equity is given up. Founders keep 100 percent of the company.
- Everything is visible. The employee can see what they hold, what it is worth, and what is coming.
What a unit is worth#
A unit does not have a fixed price. Longpass calculates a unit value from the company's financial performance and publishes it. When performance improves, the value goes up and everyone holding units benefits. This is explained step by step in How unit value is set.