
Slicing Pie outlines a simple process for making sure that the founders and early employees of a start-up company get their fair share of the equity. You will learn: How to value the time and resources an individual brings to the company relative to the contributions of others; The right way to value intangible things like ideas and relationships; What to do when a founder leaves your company; How to handle equity when you have to fire someone. (4e de couv.).
> I've read a book called "Slicing Pie handbook", but it seems to me it requires a lot overhead to get it right.
Part of business IS bookkeeping. But I've found Slicing Pie to be fair in that it takes into account hours worked, hourly rates (and experience), and risk (already) put in, and it implicitly adjusts over time. If you can't be arsed to keep records, you might not be suited to run a business with people in it.
To begin minimally with slicing pie, start keeping track of hours/pay in a spreadsheet - it really doesn't take much. Then refer to the book for scenarios like people leaving, 'baking the pie'.
It really helped contextualize the different types of contributions co-founders and early employees will bring to the table, and is a helpful transition into the world of stocks and equity for those who are less familiar.
I bought copies for all involved and we worked through the calculations together, resulting in equity splits that have so far been low-drama.
Slicing Pie is a good book for this
But not everyone will agree to work for it, for others you will need cold hard cash. And stock investors are all around, I am talking to them, they want to take $ out of the stock market and put it in SOMETHING.
You can find in on Amazon: https://www.amazon.com/Slicing-Pie-Company-Without-Funds-ebo...
Launch a company in a jurisdiction that allows issuing utility tokens (not USA)
Then get them listed on an exchange or sell them
Use the money to build the stuff
Also pay people in the tokens themselves
The latter thing can be done legally with equity in the USA. Look up the book “Slicing Pie”
My #1 advice to first time entrepreneurs is DONT BE AFRAID TO DILUTE YOUR EQUITY ENOUGH TO GET THE BEST PEOPLE ON BOARD AND MOTIVATED TO TAKE INITIATIVE EVERY DAY/WEEK TO HELP YOU.
