Workshop Title: Perfect Equity Splits for Bootstrapped Startups
You and a partner go in “50/50” on a new business. You do all the work, he owns half the company. Now what? Slicing Pie outlines a simple method for dividing equity in an early stage company that tells you exactly the right number of shares for each participant. All other methods of dividing up equity create problems – all of them. Slicing Pie gives you a way to acquire the things you need to build your business without cash. This is the perfect seminar for anyone who wants to start their own company. Based on the book Slicing Pie, by Mike Moyer.
About Mike Moyer
Mike Moyer is a career entrepreneur who has started companies, worked for startups, and held senior management positions at established businesses. He is now the managing director of Lake Shark Ventures, LLC, a company that provides growth consulting and early-stage investments. He is an adjunct faculty member at Northwestern University and the University of Chicago’s Booth School of Business. He is the author of several business-related books including Slicing Pie: Funding Your Company Without Funds and Trade Show Samurai: The Four Core Arts for Capturing Leads. He lives in Lake Forest, Illinois, just north of Chicago. https://www.linkedin.com/in/mikemoyer
A challenge for founders in early stage, bootstrapped companies around the world is how to allocate [aka split] equity fairly. Traditional approaches rely heavily on negotiation skills or predictions about a company’s future success. Mike Moyer proposes an approach using the fair market value of each individual’s contribution of time, money, ideas, relationships, facilities, equipment, supplies or anything else that can be valued. Although global market rates can vary dramatically, his approach provides a universal framework for not only determining the fairest split, but also the fair buyout price (if any) when someone separates from the firm. Moyer, author of Slicing Pie: Funding Your Company Without Funds, will discuss the challenges of splitting equity in global teams and demonstrate an interactive game that shows how his approach applies to a typical startup.
6:00 pm – 6:30 pm networking
6:30 pm – 8:00 pm presentation
8:00 pm – 9:00 pm drinks at The Midway Club, Fifth Floor