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Slicing Pie: Funding Your Company without Funds

Ebook Download Slicing Pie: Funding Your Company without Funds

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Product details

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Audible Audiobook

Listening Length: 4 hours and 11 minutes

Program Type: Audiobook

Version: Unabridged

Publisher: Lake Shark Ventures

Audible.com Release Date: August 5, 2014

Whispersync for Voice: Ready

Language: English, English

ASIN: B00MFXJJYS

Amazon Best Sellers Rank:

I found Slicing Pie after reading an introduction about the book and realizing that the partnership dispute scenario that I just went through is unfortunately all too common. Like many, my business partner and I split equity too early during the formation of the company. Things were great until my partner abandoned the company without cause and this left us in an unfortunate battle for how to move forward. I wanted to buy him out, but he demanded a ridiculous amount of money even though the business had almost no revenue yet. This put an immense amount of stress on the business.I read the entire book in one sitting. Everything resonated with me as I reminisced over the past 7 businesses that I've been part of over the years. Even though the most recent business is the only one where I had a serious partnership dispute, all the past partnerships could have been handled better and more fairly if we had the kind of moral and pie slicing agreements that this book discusses.I really like the fact that the book distills the most common partnership scenarios down to basic formulas for determining everyone's slice of the pie. I see myself using Slicing Pie as the moral operating agreement for future ventures. It really covers a lot of scenarios in a much more simple way than any other business structure advice that I've heard before.

We've been using Slicing Pie for about a year with our start-up. There are a lot of things that I really like about it, but some things are getting a bit complicated. I don't think it's really intended for long-term use and at a year it is getting a bit stale. The issue I have is that not every start up is the same, obviously, and the book seems most geared towards a company creating a gadget or an app with the goal of selling the company for millions and distributing profit in that manner. Without going into a ton of detail, we are creating something you can think of as a series. One thing is released, then a few months later, another. Our intention is not to sell the company, that's not even really a thing in the industry we are in. The issue we are faced with as we are approaching some funding deals is that we have members who have helped us, and deserve to be rewarded, but they won't be helping on all of the releases. Do they receive 5% equity forever on everything the company does? We also have people who played a small (all be it important) role in getting things going, but once we are awarding salaries would be paid more as consultants. These are small nuances that don't apply to all companies, or even most, but we are struggling with some of these things right now.I found the book after reading Founder's Dilemmas, and I can say that I really like the idea of dynamic equity. We are trying really hard to do it right, but there are a lot of challenges. We have been asked in meetings with very large investors about how we are dividing ownership and equity. Needless to say they were a little freaked out by our explanation. Biggest hurdle is that we have a bunch of people who have contributed some time here and there, are integral to getting us into these meetings in the first place, but our pie is getting crazy with so many slices.

I could be better about giving out praise. Ask anyone in my life, whether friend, family, or coworker, and they tell you that I keep almost all of those positive thoughts I have for those around me tucked way down.And so when I write a gushing review, you know that it's 5*.Simply put: I don't want to do business with anyone who doesn't see the merit in the model this book lays down. The relationships I have, in and out of business, are all built on fairness and trust. This exemplifies that and for me sets a standard of how we should all behave and treat each other.Hopping off the soapbox and getting back to praising the book, Mike has very cleverly wrapped a model around trust, respect, and fairness. This book outlines that very well and help you put a fair plan in place for building a company. It doesn't demystify the whole valuation of a company, it simply fixes the problem that startups face.It establishes ground rules and a model on how a business should be built around trust, respect, and fairness. It gets all of the other nonsense out of the way so you can get down to being a 'trep and rocking the world.Moreover, the book is very well written. Mike gives the right amount of detail and back stories to explain the model. But he also does an excellent job of summarizing it so you can go back to the information for memory joggers. There are also helpful downloads that you can easily reference.In summary, buy now, change your life, business, community, and hopefully world.

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Slicing Pie: Funding Your Company without Funds PDF

Slicing Pie: Funding Your Company without Funds PDF

Slicing Pie: Funding Your Company without Funds PDF

Slicing Pie: Funding Your Company without Funds PDF