Posts by Mike Moyer

Fair & Square

Posted by on Nov 14, 2014 in Blog | 0 comments

While Slicing Pie is my definitive guide to dynamic equity splits, I’ve written a new book, called Fair & Square, that provides a more condensed description of the model and doubles as a user guide to the online Pie Slicer application. If you would like to read a beta copy of the book, you may get one below at a reduced price in exchange for your feedback. The quantity of beta copies is capped so if the link below doesn’t work….sorry! $5.00 – Buy the Beta Checkout Added to...

Read More

The Awkward Conversation

Posted by on Nov 13, 2014 in Blog | 0 comments

In Slicing Pie, I refer to the “awkward conversation” that founder’s have about equity splits. The equity split negotiation is often the first major “deal” that founder’s do. I call them Alligator Pit negotiations. There are less-than alligators, who are are people who get less than what they deserve, and greater-than alligators, who are people who get more than they deserve. People approach equity negotiations the same way they approach alligator pits: with fear, caution and a keen interest towards self-preservation. This podcast, produced by Alex...

Read More

Dutch Pie

Posted by on Nov 11, 2014 in Blog | 0 comments

Slicing Pie is now available in Dutch thanks to Monique Wolters, Nick Stevens, Jolien Marinus, Marloes Pomp, Jeroen Sprangers and Arjan Yspeert. Thank you all very much for your hard work!

Read More

Slicing Pie Card Game

Posted by on Nov 4, 2014 in Blog | 0 comments

One of the best ways to experience the mechanics of how a dynamic equity fund works is to experience it yourself by playing the Slicing Pie Card Game. The game simulates the events of a start-up company over an extended period of time. Each card specifies what an individual player did during that time and the Game Tracker spreadsheet allows players to track their contributions in much the same way they would in real life (with a few exceptions to keep the play simple). In the game, participants experience successes and failures, just as they would in real life. Failures could easily drive...

Read More

Slices vs. Theoretical Value

Posted by on Oct 31, 2014 in Blog | 0 comments

It’s important to know that a company’s value is not equal to the sum of the inputs. In other words, if I provide time, ideas and equipment worth $1,000, this doesn’t mean the company is worth $1,000. In most cases the value of a startup company is closer to zero. In all cases we hope it is worth much more than the inputs. Implying a valuation means the underlying shares in a company also have value. This has meaningful tax implications and potential legal implications. It’s important, therefore, to understand that keeping track of contributions is simply a method used...

Read More