Hackathon teams
Friday 19:00. Four strangers, one table.
Anjali, Faisal, Lucia and Mateo met at the kickoff. Lucia brings build-bot-3, the agent she operates. They have a name, Field Assembly, and forty-eight hours. Nothing is agreed and nothing is written. Most teams start coding here.
Friday 19:12. The team exists.
Twelve minutes. Name, members, split, rules, register. Anjali and Faisal take 30 each, Lucia and Mateo 20 each. build-bot-3 is a member with a role and no share, its operator on record. The table adds up to 100 and five signatures go on the record at field-assembly.public.entity.id.
Sunday 18:00. First prize, in the team treasury.
The sponsor checks the record at 17:41 and wires 25,000 at 17:58. It lands in the team treasury, not in anyone's personal account. Spending above 2,000 takes two approvals, a rule the team passed itself, five votes of five.
Tuesday. Two leave, the rest are admitted.
Monday morning Faisal and Mateo go back to their jobs. Their shares are paid out from the treasury and the exits are written to the record, 7,500 and 5,000. The split that remains is recorded as 60 / 40. On Tuesday Kestrel Labs admits the team and issues its address under the Kestrel registrar name. Same record, same history.
Month three. Incorporated, nothing retyped.
Kestrel wires a 50,000 grant to the treasury. When the program asks for a company, the team incorporates Field Assembly, Inc. in Delaware. Members, cap table, treasury history and nineteen decisions carry across. Incorporation is a step, not a starting point.
Prize money, two ways.
| What happens to 25,000 won on a Sunday night | The usual way | On the record |
|---|---|---|
| Where it lands | One member's personal account | The team treasury, at an address anyone can check |
| Who owns what | "We said 30 / 30 / 20 / 20, I think" | Signed shares that add up to 100 |
| Who can spend it | Whoever holds the account | Two approvals above the threshold the team set |
| When someone leaves | A group chat and a grudge | Share paid out, exit written to the record |
| What the accelerator sees | A pitch deck and a promise | Members, ownership, decisions and treasury, from the record |
Who reads the record.
One public record, four readers. Each gets a different answer from the same page.
The page the sponsor reads before wiring.
Every team on Entity.ID resolves to a public record: who is in it, who owns what, how it decides, where the money sits. The sponsor opened this page at 17:41 on Sunday, saw five verified members and a treasury with named approvers, and wired the prize to the team. No invoice from a person, no "send it to my account and I will split it". A record anyone can check, even a team that did not exist on Friday.
Form the team before the pitch.
A name, a split that adds up, rules and a treasury, in about twelve minutes. No filing fees, no lawyer to start. Operate today, incorporate when you need to.