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FAQs for [REFERRALS]
What is the PIPE referral system? At PIPE we recognise that the contribution that someone may make to a project and the entire system, may not be through their direct input, but through the contribution that someone that they introduce has made.
As a result we have a system whereby if someone you REFER into the system (they click on a link to join-us that has one of your keys attached to it) then whatever they subsequently contribute to the system has some small measure to be credited to you.
Without your introduction, or someone else's, the individual would have had to be found and brought into the system through PIPE's own processes. Your introduction can make the process faster and wider reaching, to the benefit of all involved.
The referral process covers the 3 main areas of the system, Clients (who originate projects), Associates (who validate and work on projects) and Investors (who fund growing projects).
How can I refer a Client to the system and what do I get out of it? Overview of how it works...
Note
Role
Revenue Share
Value
Period
Duration
1
Affiliate
15%
£900 to £15,300
Per annum
12 months
2
Associate Referrer
1%
£350 to £1,500
Annualised
On employment
3
Referrer
1%
£3.50 to £15
Annualised
On employment
4
Sales Associate
20%
£1,200 to £20,400
Per Deal
On Invoice
Notes: 1 - introduces new clients to PIPE that register on the platform and pay subscription fees to the PIPE Platform 2 - introduces associates who join projects full-time, receiving 1% of the annualised salary 3 - introduces (2) and receives 1% of the Associate Refer fee (1% of 1%)4 - commission only sales people who bring new opportunities to PIPE and receive 20% of invoiced revenue
Client referral (affiliates)
Finding and engaging clients takes time and money. As a result we are happy to share the cost savings with members who assist us in the process. For a client being onboarded to be attributed to you as the origin we recommend that you encourage them to join us on the system via the following the personalised (to you) link that you will find under the About referral marketing, Clients and Subject Experts section at the foot of your PIPEworks home page
I know someone who could be useful. Subject Experts (referrals)
Projects need expert input at various stages of their development.
Initially we need input to be able to help quality assure the disclosures made and help the decision process of moving them on to developing (and resource consuming) projects.
Once a project is on the development pathway of the PIPE QED system, it needs to access varied expertise, both specific to the technology it is developing, and those things that are common across all start-up and maturing companies. As a part of this process referred associates (i.e those that you or someone else has referred into the system and who have undergone AML / KYC clearance) with the appropriate skill sets, work on the project and accumulate Agreed Booked Time (ABT).
This is agreed, i.e. the associate and the project agree that the time has been contributed to the project and has been productive.
It is booked, i.e. it is recorded on the PIPE platform as a signed off value between the associate and the project.
It is quantified i.e. it is in productive hours of engagement where the project is happy that the unit of measurement is consistent. This may be in time units or 'work units'.
Having been logged by the PIPE system, it is a requirement of the release of funding to the project, that there is a financial plan entry that details how the booked ABT of the various contributing associates will be resolved. i.e. How and when the ABT is converted into shared ownership or paid off is a requirement of a deliverable that must be completed in order to qualify for the funding, and must pass the IIC review process along with all other aspects of the financial planning.
As a referrer of the skill provider you are included in the calculations.
If you are advertising within your connections then the you are advised to use the personalised link that will automate the connection to you as the new members referrer. Details of the link can be found at several places within the referrals menu options available to you as soon as you are yourself a 2FA recognised user.
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