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Paying Consultant Grunts with Pie
In Slicing Pie I recommend providing a sliding scale buyout to freelancers and consultants who provide services to the company. In this scenario the consultant can earn up to 200% of their base rate in pie if you are unable to pay them. The risk premium goes up a little each month so the earlier […]
Continue readingThe Good Way to Say Good Bye
There are four circumstances under which a person can leave your company based on two variables. The variables are “how” and “why”. The how can be that they decided to leave or you fired them; the why can be for good reason or for no good reason.
Continue readingSlicing Pie: A Guide to Dividing Up Early-Stage Start-up Equity
First Published on Tech Cocktail (Tech.co) Not long ago, I was approached by one of my students at Northwestern, who was distraught over a situation in a fledging company that she had started in my entrepreneurship class. Her group had decided to split the equity in her company equally – 25 percent each. Now that […]
Continue readingSlicing Pie: a Primer in Dividing Up Early-Stage Equity
Fairness starts with laying out the rules and agreeing to follow them. This means that we need to allocate equity based on a set of rules.
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