The Story Alex decides that he can't build the company by himself. There's too much emotional turmoil, and too much work to get done. As one of the
investors Alex is pitching says, "startups are a team sport." Alex meets Matt Lieber, a former radio producer, MBA, and management consultant with Boston Consulting Group. Matt is excited by the business, writes Alex a business plan, and wants to be part of the company. Before Alex and Matt can lock in their partnership, they need to discuss equity: how much of the company each of them will own. Alex starts by suggesting that Matt get 10%. Matt thinks 45% is fair. Day one of their negotiation ends without agreement. That night, Matt thinks the partnership is dead, and Alex searches for guidance on how to reach an equity split. Advice is all over the map. For instance Fred Wilson, the venture capitalist and blogger, suggests that founders split 50/50. Elsewhere, an equity split calculator provides a more objective solution. In the end, Alex realizes there is no right answer, which is liberating. Finally Alex and Matt make a deal and become partners.
The Facts Our theme song was written and performed by
Mark Phillips. He also mixed the episode. The special ad music, Microliters, was written and performed by Build Buildings. Other music in this episode: 1. Alton Ellis - What Does it Take (To Win Your Love) 2. Alton Ellis - La La Means I Love You 3. Mark Phillips - It's a Hard Life 4. Mark Phillips - Kingswood Theme
Does climate change freak you out? Want to know what we, collectively, can do about it? Us too. How to Save a Planet is a podcast that asks the big questions: what do we need to do to solve the climate crisis, and how do we get it done?
We’re sharing the first episode of Motherhacker. It’s a fiction podcast about a mother who gets involved in an identity theft ring in order to support her family. The series stars Carrie Coon, Pedro Pascal, Alan Cumming, Lucas Hedges, Tavi Gevinson and Alex Goldman.
Normally, being the mayor of Dayton, Ohio, means paying attention to everyday issues, from garbage pickups to municipal budgets. But in the early morning hours of August 4, 2019, a gunman opened fire at a downtown bar in the city, and Nan Whaley’s role as mayor immediately shifted. She found herself thrust into the national spotlight as all eyes turned to Dayton. And it wasn't long before she was f...