Category Archives for Blog
New Cartoon for v1.3
I’m working on version 1.3 right now, the main update deals with the “idea premium”. A number of people can’t get over the fact that I don’t value ideas. I do value certain ideas without which the business wouldn’t be possible. So, now there is a way to calculate the value of an idea… … […]
Continue readingThe Idea Premium
It is quite common for founders who originated the idea to fret over their ability to “get a little extra” for coming up with the idea for the business.
Continue readingThe Super-Awesome Presentation Zone Program
The Super-Awesome Presentation Zone Program provides a framework for choreographing a business presentation to make it shine.
Continue readingOffer Letter
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.
Continue readingThe Idiot’s Advantage
I was passing out promises to deliver outerwear to my customers I had no idea what it took to design a new clothing product, let alone how to manufacturer it.
Continue readingHow to Use a Dynamic Equity Split Program So Everyone Gets What They Deserve
Only a dynamic equity split provides a framework of fairness and respect for all participants. All other methods are prone to failure in their ability to treat people fairly.
Continue readingGrunt Fund (Non) Cheat Sheet
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 along with the Grunt Fund Calculator or Pie Slicer tool to create your very own awesome Grunt Fund and watch it grow into a behemoth. Click Here […]
Continue readingInvestor Repellent
There are many things that can repel an investor. Most of them have to do with a faulty business model or lack of a competitive advantage. However, sometimes your business will have real potential but the investor will flee when they take a look under the covers and see how the business is organized or financed during the formation stage.
Continue readingThe JOBS Act: Is it a Wolf in Sheep’s Clothing?
If entrepreneurs are successful, they will have to issue actual equity to a bunch of absentee owners in small lots. These shareholders will now have to sign off on shareholders agreements, operating agreements, and a variety of other things that can make life pretty complicated and scare off real investors.
Continue readingNo Free Ride for Free Riders
Although a dynamic equity model is intrinsically fairer to participants, fixed equity splits will continue to be the norm because 1) dynamic models are a relatively new concept and 2) fixed models allow experienced entrepreneurs to take advantage of less experience entrepreneurs.
Continue reading