You and a partner go into business together and split the equity 50/50. You do all the work and your partner slacks off. He owns half your business - now what?
Slicing Pie outlines a process for calculating exactly the right number of shares each founder or employee in an early stage company deserves.
You will learn:
Research shows that dynamic equity split models, like the one outlined in Slicing Pie, is the best way to avoid conflicts as the company grows. The new and improved Version 2.3 contains updated information about legal issues, idea valuation, retrofitting, and much more!
©2012 Michael Moyer (P)2014 Michael Moyer
"Literally, how to answer the million dollar question…"
I found this book to be an excellent resource to help change a qualitative equity division process into a very fair and quantitative equity process. Dynamic equity allocation is definitely the only way to go!
"Good, but would like to see a second edition..."
... because I read on the author's own blog how times have changed and he would have taken things out of the book or change them if you were to do it again. Let's get that knowledge out there. And also let's get a few variations that can work with founders who are also investors and/or incubators or Startup studios.
Yes, The questions addressed were the ones I had been asking myself for quite some time.
The content is key and the system really works.
when he said "there's a word for that kind of person, they are an explicative
if your grappling with the question how to use equity to build a company this is a must !
"Informative and to the point"
Easy to understand and very informative. Good examples to explain the concepts. Occasionally glosses over a concept where an example would be helpful - but overall very good book for startups. Must read.
"Awesome conceptual book"
A great read for those hungry entrepreneurs that are looking for more insight on business and company development. Definitely exceeded my expectations. Short, simple, and to the point. Great references
"I use to hate the idea of having partners"
Yes, especially for those who are open to starting a company with partners or joining one early on. This provides a framework for making sure everyone can do the best they can and end up happy with the results.
I do not know of any other books that talk about dynamic equity splits.
not that I know of
A system for accounting for the unknown.
Many of my friends have divided the pie too early & too late. This idea of setting up a system to make sure the company equity is divided in a predictable way is wonderful. It also sets the incentives up so that people want to keep working & how to deal with when someone wants or needs to leave.
"clarity how to reward contribution"
Mike brings clarity and a strategy to reward those who help build based on their contribution rather than negotiation ability and timing. won't be popular with some but for me I now have a way to reward my team where they can earn their ownership in what we are building. recommend reading this before you start inviting you team members to join.
"Too much fluff."
The author puts too much of his own personality into the book. Who is the author, and who cares? Just give us usable information please.
"Must read for starters"
I would say this is a must-read for starters and anyone looking to apply creative financing to new business products or ventures
"For me as a German: groundbreaking"
Startups done better.
He kept me engaged and focussed throughout the book, even in the case examples which I sometimes find hard to follow along without a pen and paper at hand (which I did not have available, sitting in the car when I listened to this book).
Yes - I listened to it all in one sitting. 4 hours of my life well invested.
The challenge now will be to implement something like a grunt fund based dynamic equity split concept in Germany - whose IRS counterpart tends to err, shall we just say, more towards the conservative side of things. But then life wouldn't be such a great journey without challenges to overcome and problems to solve.
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