E196: Mike Moyer's Slicing Pie: A Fair and Logical Approach to Equity Distribution

How2Exit: Buy, Don't Build - M&A of Small Businesses

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About the Guest(s): Mike Moyer is an entrepreneur, author, and award-winning speaker. He is the author of "Slicing Pie" and "Will Work for Pie," among other books. With a background in startups and a wide range of business experiences, Mike has developed a deep understanding of equity splits and fair dealing with partners. He is passionate about helping entrepreneurs navigate the challenges of equity distribution and has become a leading expert in the field. You can find more information about Mike Moyer on his website.
Summary: In this episode, Ronald Skelton interviews Mike Moyer, the author of "Slicing Pie," a groundbreaking book that offers a fair and logical approach to equity splits in startups. Mike shares his origin story as an entrepreneur and explains how his personal experiences with unfair equity splits led him to develop the Slicing Pie model. He breaks down the concept of Slicing Pie and highlights its key differences from traditional equity distribution methods. Mike emphasizes the importance of basing equity splits on the bets made by each individual, whether in the form of time, money, or other contributions. He also discusses the challenges of implementing Slicing Pie after a company is already up and running and provides insights on how to navigate equity splits in mergers and acquisitions. Throughout the conversation, Mike emphasizes the universal logic and fairness of the Slicing Pie model and its potential to revolutionize the way startups approach equity distribution.
Key Takeaways:

• The Slicing Pie model offers a fair and logical approach to equity splits in startups, based on the bets made by each individual.
• Equity splits should reflect the proportionate contributions of each team member, whether in the form of time, money, or other resources.
• Slicing Pie provides a dynamic framework that adjusts as the company grows and changes, ensuring ongoing fairness in equity distribution.
• Implementing Slicing Pie after the fact is possible through a process called retrofitting, which involves recalculating equity splits based on past contributions.
• The Slicing Pie model can be used in mergers and acquisitions by combining the pies of the merging companies and ensuring a fair distribution of equity.

Notable Quotes:

• "Fairness is a universal concept. Just like splitting a cookie with your brother, equity splits should be based on the bets made by each individual." - Mike Moyer
• "Slicing Pie is a financing tool that ensures fairness in equity splits. It works because it is based on observable facts, not subjective opinions." - Mike Moyer

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Contact Mike on Linkedin: https://www.linkedin.com/in/mikemoyer/
Website: http://www.mikemoyer.com/
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