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Blog postIf you and your fellow founders have chosen to implement the Slicing Pie model in your bootstrapped startup company, you can rest assured that if you follow the logic you will all get a share of the equity that accurately represents the fair market value of your contributions relative to other participants. Furthermore, you and the other members of the team will enjoy the security the model provides when someone separates from the firm. No matter what transpires, Slicing Pie will self-adjust
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Blog postOne of the often-overlooked features of the Slicing Pie model is the logical outcomes regarding a person’s ability to compete with the startup after a separation. Getting a fair deal for everyone is more than just splitting equity correctly.
In any company, there are four basic conditions under which a person can be separated from the firm:
He or she can be fired for good reason He or she can be fired for no good reason He or she can resign for good reason He or she can resign for -
Blog post
Incubators and accelerators often request a fixed chunk of equity from the companies who participate in their programs. The organization then provides services such as office space, supplies, access to the Internet, equipment (like printers, copiers and fax machines), mentors and educational programs. I’ve seen these percentages range from 5% to as much as 20%.
During the bootstrapping stage, any equity allocation expressed as a fixed percent is not fair. This is becaus -
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Blog postIt’s not uncommon for a startup founder to wear many different hats. A CTO, for instance, might code a new app and respond to customer service emails and fix bugs. These activities require different skills and some of the tasks appear to be more important. Sometimes, teams want to assign different pay rates to different tasks. Why not pay $50/hour for app coding and $20/hour for customer service? The answer is that it’s neither fair nor practical and here is why:
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Blog postMatt Rossetti, who has done hundreds of Slicing Pie consultations, was recognized as an Illinois Super Lawyer. Congratulation Matt!
Learn more about Matt
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Blog postWe’ve all heard it: “life isn’t fair.” A phrase that rarely provides any comfort at the time it is heard, its real meaning is that you won’t always get what you want. People often want what they don’t deserve, especially when they think they can get away with it.
Traditional equity splits are basically a means for people to justify getting what they don’t deserve. In fact, traditional splits are so good at getting people what they don’t deserve, many people actually believe that they -
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Blog postOne of the most common misconceptions about startups deals with the basic definition of profits:
Profits = Revenue – Expenses
Pretty straightforward—right?
But, here is the problem: many people make some fundamental mistakes about what constitutes revenue and expenses. Mistakes are understandable, not everyone has studied accounting. I, myself, have never studied electrical engineering and only have a vague understanding of the difference between an amp and a volt. Som -
Blog postI published a sample Slicing Pie offer letter a few years ago and it has been a very popular download. Last week I took another look at it and made some updates. The key is to make it clear that the participant is being offered a position with an agreed-upon fair market salary, but that no actual salary payments are being promised or implied and that Slicing Pie will be used for the equity split. It’s also good to cover basic expectations with regard to responsibilities, work product and time
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Blog postI’ve started work on a new book, called Slicing Pie À La Mode, which will cover a number of topics related to Slicing Pie in more depth including:
Consulting Companies Real Estate Deals Bonus Programs Incubators and Accelerators (“Nested” Pies) Company Polices I’d like your input with regard to other topics I should be sure to include. Your ideas are welcome!
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Blog postBad equity agreements are extremely common. The prevailing wisdom—worldwide—about how equity is split is virtually guaranteed to cause problems. I take calls and get emails literally every day from people trying to figure out a fair split within the flawed logic of conventional wisdom.
What’s really scary is that the conventional wisdom is perpetuated by smart, well-meaning, experienced people who, at their core, think they are providing good advice. The good news is that there is a f -
Books By Mike Moyer
Slicing Pie: Fund Your Company Without Funds
Sep 4, 2012
by
Mike Moyer
$9.99
$0.00 Free with Audible trial
$16.27
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$7.48
(39 Used & New offers)
by
Mike Moyer
$9.99
$15.95
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$1.99
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How to Make Colleges Want You: Insider Secrets for Tipping the Admissions Odds in Your Favor
Oct 8, 2014
by
Mike Moyer
$9.99
$12.61
$15.99
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Only 5 left in stock (more on the way).
Only 5 left in stock (more on the way).
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$1.88
(76 Used & New offers)
Slicing Pie (Dutch Edition)
Nov 7, 2014
by
Mike Moyer
$23.09
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$22.74
(24 Used & New offers)
Insurance Basics: A Look Behind the Scenes at an Exciting Industry (Business Basics) (Volume 2)
Jul 21, 2015
$19.95
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$19.94
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