Talking about money isn’t always easy, but when it comes to starting your business with others, it’s important to have the discussion up front. Slicing Pie, by Mike Moyer, is about how to treat each other fairly as your business starts to make money. The life of an entrepreneur is about trying to improve people’s lives, yet once the business starts to make some money, people who were perfect partners when they got started, can often become greedy as they fear that they’ll get burned from their partners. Why? Because of equity. Often not at all intended, there’s a perception of deliberate injustice that results from a lack of trust. This book helps outline the simple, fair solutions to help you make the right decisions as you startup your business.
It defines partnerships, equity allocation, and how to determine how much what each individual brings to the table, and what that’s worth. I highly recommend it for anyone who wants to make sure that friendships remain intact after your company is worth everything you hoped it would be worth.