CW 954 - Partnering on Real Estate Deals & Startups, Slicing Pie by Mike Moyer

Jason Hartman kicks off the episode breaking down the OTHER 3 market types. No, he's not talking linear/cyclical/hybrid, today he's talking buyer/seller/broker markets.

Then Jason talks with Mike Moyer, creator of Slicing Pie, about how to partner with people on startups and real estate investing in a way that fairly incorporates everything people bring to the table. The two discuss the need to factor in work, cash, ideas, goods, etc when valuing contributions, as well as the multipliers for each faction depending on their scarcity.

Key Takeaways:

Jason Intro:

[5:57] Real estate is a pretty easy thing to partner on, as long as you keep it arms length

[7:07] Welcome to the newest Venture Alliance members!

[9:07] The 3 basic types of markets (that aren't linear/cyclical/hybrid!!!), and how you figure out which one you're in

[13:12] Jason likes the broker's market, obviously, but is still pretty bullish on the real estate market

Mike Moyer Interview:

[18:38] You have to go into a startup with the knowledge that you can lose all of your money

[19:39] How would you use Slicing Pie in a real estate deal?

[23:47] Why there's a difference between cash & non-cash contributions when you're slicing

[26:42] The reason there are multipliers in slices is so that there are consequences if someone leaves the pie

[30:05] Why time based vesting isn't the way to go

[32:34] What is Mike's definition of a startup?

[37:50] What are all the ways you can get a slice of pie in a company?

[41:59] How do you get started slicing pie?

Website:

www.SlicingPie.com