Use this spreadsheet to determine how many shares the company should buy-back from participants so the new split aligns with the Slicing Pie allocation. Buying back shares, rather than issuing […]
Continue readingUnderstand the language behind a Grunt Fund dynamic equity split method
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I would be happy to connect you with an attorney who can help you set up your Grunt Fund or similar dynamic equity split program.
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When inviting a Grunt to join an Advisory Board for a company using a Grunt Fund care must be taken to set expectations about compensation. It’s important that they understand how a Grunt Fund works and that they are not entitled to cash compensation. Click below to download a sample Advisory Board Member letter for a company using a Grunt Fund.
Continue readingTime Tracking You can track work hours with many online tools. Most of them record time and some also record expenses. When you pick a system, focus on ease of […]
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From time to time you may want to take money out of your business. You may not want to reinvest in growth or you may need some money for personal bills. […]
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When hiring a Grunt for a company using a Grunt Fund care must be taken to set expectations about compensation. It’s important that they understand how a Grunt Fund works and that they are not entitled to cash compensation. Click below to download a sample offer letter for a company using a Grunt Fund.
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In the book I provide a table of summary calculations. This is a PDF of those summary calculations that you can use as a quick-reference for calculating relative values. You can use it […]
Continue readingStarting a business with co-founders means you need to split ownership fairly. This can be tricky because everyone brings different skills and puts in different amounts of work. Getting the […]
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In the introduction to Slicing Pie there is a story about partnerships. In the story you and I decide to clean a house together for $50 and things get complicated. […]
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