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What We Need
• Perfectly fair• Rewards participants for contributions• Provides ongoing motivation to continue
contributing• Accommodates changes in the team• Flexible in the face of rapid change
www.synerzip.com
How it works
1. Assign a leader you can trust
2. Assign a theoretical value to the various inputs provided by each participant
3. Determine %: Individual Value ÷ Total Value= Shares %
www.synerzip.com
1. Get a Trustworthy Leader
• Holds all equity• Manages Grunt Fund• Deals with departing Grunts
www.synerzip.com
Time
Negotiated Base Salary-
Cash CompensationX
Two÷
2,000=
Grunt Hourly Resource Rate (GHRR!)
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Time
$100,000-
$25,000 ($75,000 at risk)X
Two ($150,000)÷
2,000=
Grunt Hourly Resource Rate (GHRR!)$75/hr
www.synerzip.com
Everything Has a Theoretical Value• Unpaid Commission x 2
• Equal to Unpaid Royalty or Development Hours + Costs
• Nothing or Unreimbursed Expense (4x)
www.synerzip.com
Everything Has a Theoretical Value• Cash if purchased for the company
• Cost if owned less than a year
• Resale value if over a year
www.synerzip.com
Removing a Grunt
• No pie for time• Adjust other inputs to
dollar amount (no multiplier)
• Buy back if possible• Non-compete
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What We Get
• Perfectly fair• Rewards participants for contributions• Provides ongoing motivation to continue
contributing• Accommodates changes in the team• Flexible in the face of rapid change
www.synerzip.com
Outgrowing a Grunt Fund
• When you can pay people you won’t need to use equity:– Real revenues– Positive cash flow– Significant series A investment
www.synerzip.com
• Step-by-step guide• Version 1.2 on
Amazon.com• Beta Version 2.x on
slicingpie.com• Free e-upgrades for life
Win a signed copy: SlicingPie.com/synerzip
www.synerzip.com
• Mike Moyer• [email protected]• (773) 426-6353• Chat with me on SlicingPie.com
Win a signed copy: SlicingPie.com/synerzip
www.synerzip.com
1. Software product development partner for small/mid-sized technology companies
• Exclusive focus on small/mid-sized technology companies, typically venture-backed companies in growth phase
• By definition, all Synerzip work is the IP of its respective clients• Deep experience in full SDLC – design, dev, QA/testing, deployment
2. Dedicated team of high caliber software professionals for each client
• Seamlessly extends client’s local team, offering full transparency• Stable teams with very low turn-over• NOT just “staff augmentation”, but provide full mgmt support
3. Actually reduces risk of development/delivery• Experienced team - uses appropriate level of engineering discipline• Practices Agile development – responsive, yet disciplined
4. Reduces cost – dual-shore team, 50% cost advantage5. Offers long term flexibility – allows (facilitates) taking offshore
team captive – aka “BOT” option
Synerzip in a Nut-shell
www.synerzip.com
Our Clients
www.synerzip.com
7777
Call Us for a Free Consultation!
www.synerzip.com
Hemant Elhence [email protected]
469.322.0349
Thanks!