#164 Solving the Equity Split Puzzle with Mike Moyer

Get ready for an invigorating conversation with seasoned entrepreneur and professor, Mike Moyer. We dissect the common traps new entrepreneurs fall into when navigating the maze of equity splitting. Allow Mike to guide you with his wealth of knowledge gathered from years of hands-on experience, and empower you to say goodbye to the pitfalls of fixed splits and the myth that any agreement signifies fairness. This chat is a must-listen for anyone embarking on the startup journey, eager to avoid common equity-splitting mistakes, and keen to understand the benefits of safe agreements and convertible notes. Listen closely as Mike reflects on a past project that didn't quite hit the mark, turning it into a valuable lesson for future endeavors. We delve into the importance of meticulous market research before pouring resources into a venture and unwrap the intricacies of LLC agreements. Get an introduction to Mike's brainchild, the slicing pie method—an innovative approach to equity splitting, and hear about his much-acclaimed book, The Slicing Pie Handbook. This guide is a lifesaver for entrepreneurs looking to navigate the choppy waters of equity splitting. We also discuss the importance of accurately tracking your equity and contributions within a startup, where Mike graciously imparts invaluable advice. Glean insights into bootstrapping your startup for as long as feasible and get a glimpse into the merits of understanding the industry whilst working for someone else. If you're an aspiring entrepreneur, Mike's advice on setting goals and cultivating a passion for your product is sure to strike a chord. So, sit back, listen, and let us do the hard work of getting you the wisdom of the business world straight from the horse's mouth! Learn more about the Slicing Pie here: https://slicingpie.com/ Learn more about Mike here: https://www.linkedin.com/in/mikemoyer/ Sponsors: S3M Security, the leading provider of Network Access Control & IOT Security. Check them out at https://s3msecurity.com/