A La Mode

Grunt Glossary

Posted by on May 27, 2013 in A La Mode, Blog | 0 comments

Fat Grunt: A person who has more than his or her fair share of the equity relative to other participants. Grunt: a person who works in a startup doing whatever it takes to make the company a success. Grunt Hourly Resource Rate or GHRR!: the theoretical value of one person’s time relative to another person’s time. It is not an actual value, it is used to calculate an individual’s percent of the pie. Skinny Grunt: A person who has less than his or her fair share of the equity relative to other participants. Theoretical Base Value or TBV: because start-up companies are assumed to have no...

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Grunt-Fund Friendly Lawyers

Posted by on Jan 27, 2013 in A La Mode | 0 comments

Please contact me if you would like to be connected with a lawyer who understands how to implement a dynamic equity split. If you are a lawyer who understands how to implement a dynamic equity split please contact me so I can add you to my list!

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Advisory Board Member Letter

Posted by on Jan 27, 2013 in A La Mode | 0 comments

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. ...

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Time Tracking

Posted by on Dec 20, 2012 in A La Mode | 1 comment

There are a lot of time-tracking tools available online. Many of them will work just fine. I’ve tried a number of them and I like Harvest (GetHarvest.com) the best. It is easy to use and tracks both time and expenses. It is an invoicing program. When you generate an invoice the time log is locked which will help you avoid the mistake of double-booking time. Most of these programs are overpriced. Harvest is $5/month/person. This can add up when you have a large team, but I spend the money because it saves a lot of time vs. Excel. It also comes with a phone app that I use...

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Take Cash Out without Cashing Out

Posted by on Nov 18, 2012 in A La Mode | 0 comments

From time to time you may want to take money out of your business. You may not want to reinvest in growth and you may need some money for personal bills. For instance, let’s say you and a friend start a T-shirt company and, according to your Grunt Fund, you both have 50% of the pie (which is rare, but this is just an example). You have a good month. You have $5,000 in profit in the company’s bank account. You may need some cash to pay rent. There are two options. The first is to simply pay yourself but not your partner. In this cash the cash would be treated like current compensation...

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Offer Letter

Posted by on Nov 7, 2012 in A La Mode, Blog | 0 comments

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...

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