Grunt-Fund
Method of dynamically allocating equity in a pre-funding StartUp based on tracking of inputs (time and other resources). Actually it doesn't allocate equity, it allocates a Promise of Equity - at the time of funding the conversion of relative Promises converts into actual equity.
- so basically each person agrees to a fake hourly rate
From Mike Moyer
http://www.businessweek.com/articles/2012-12-18/grunt-funds-are-trending-in-startup-circles
app to run system https://slicingpie.com/
What if you intend never to take funding (BootStrap), never to have a liquidity event? Then you're really talking about profit-sharing and/or a co-operative....
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