To be sure, this is a question that keeps many entrepreneurs awake at night. You imagine that they might be worried about other stuff like technology, business models, or product market fit. But let’s not judge anyone here. Many startups will have multiple founders with varying amounts of value they bring to the table. Some startups will even acquire co-founders waaay after the startup was started.
So how do you split equity among co-founders? Google for Entrepreneurs have organised an event to answer just that question during it’s 3rd annual Google for Entrepreneurs week. In collaboration with Startup Grind, sessions will be held across Uganda, Nairobi, Lagos and Cape Town. Mike Moyer, managing director at Lake Shark Ventures LLC and author of “Slicing Pie” is the main facilator.
Event synopsis –
“You and a partner go in “50/50″ on a new startup. You do all the work, he owns half the company. Now what? Slicing Pie outlines a simple method for dividing equity in an early stage company that tells you exactly the right number of shared for each participant. All other methods of dividing up equity create problems – all of them”.
The Lagos event is on the 21st, and the venue is the iDEA Hub. Visit the registration page for event and attendance information.