Seth’s advice on equity
Posted on | March 19, 2009 |
Just had to comment on this shortly. I’ve been asking friends and colleagues this question myself when starting up small businesses but never got an answer as good as this one. As many times before Seth nails a great answer to a good and hard question. His strategy is democratic yet effective and definitely one i will use next time I’m starting something up. Which might be quite soon actually.
“Today, right now, your contribution is worth 5% of the company and my creation of the company is worth 5%. The other 90% is based on what each of us does over the next 18 months. Here’s a list of what has to get done, and what we agree it’s worth…”
Tags: advice > entrepreneurship > equity > godin > partners > seth > seth godin > start-up
Comments
2 Responses to “Seth’s advice on equity”
Leave a Reply
About me (more)
I'm a Swedish web/tech/music/business-nerd based and here you can read about stuff I care about. Get in touch!.
Twitter (more)
March 19th, 2009 @ 17:07
That’s exactly the answer I wanted to get from someone like Seth. Nailed it. Again.
March 19th, 2009 @ 17:11
This made my entire day actually