• Home
  • About
    • Open?
    • Co-operative?
  • Blog
  • Events
    • OPEN 2020
    • OPEN 2019
    • OPEN 2018
    • OPEN 2017
    • Events Calendar
  • Collaborate
  • Contact

The Open Co-op

Where open meets co-op

  • CATEGORIES:
  • Open
  • Co-operative
  • Commons
  • Inspiring Projects
  • Legal Structures
  • Software
  • Audio
  • Video

‘Grunt Funds’ are trending in startup circles

October 4, 2014 By Josef 1 Comment

David Hodgson from Humingbird Labs had lunch with Citizen Code co-founder Noah Thorp, found out about the concept of ‘Grunt Funds of and then posted this very interesting article over at Bloomberg BusinessWeek about ‘Grunt Funds’ or ‘dynamic equity splits’ on the Next Edge facebook group

David said:

very applicable to the kinds of things we are thinking about – how to value dynamic contributions to entities in an equitable way

I read the  article and Grunt Fund/ dymanic equity splits sound pretty much exactly the same as what Bettermeans called ‘contribution-based rewards’ and Sensorica and Mikorizal‘s work on Open Value Networks.

Here is how the article describes the idea:

dynamic equity splits, an idea making the rounds among Chicago startups. The concept is described in a book called Slicing Pie, by Mike Moyer, an adjunct professor of entrepreneurship at Northwestern University and founder of venture capital firm Lake Shark Ventures. Basically, Moyer’s idea assigns monetary value to every tangible and intangible contribution individuals make to a startup, from intellectual property and relationships to time and cash. Each founder keeps track of his or her hours, accumulating equity in a “grunt fund,” based on a formula that assigns a weight to each contribution that person makes.

Read the full article here

Filed Under: Open Tagged With: Dynamic Equity, Grunt Fund, Mike Moyer, Open Value Networks, Slicing Pie

Comments

  1. Graham says

    February 19, 2015 at 1:10 pm

    Grunt fund sounds like a potentially useful mechanism to log the sweat equity that is often created in a cooperative start-up. Would be useful to see a working example. Could be a useful web app – has someone already built it?

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Books

Ours to Hack and Own: The Rise of Platform Cooperativism
UK orders only: Discount price: £10 + £3 P&P

Processing ...


Sharing Cities – Activating the Urban Commons
UK orders only: Discount price: £15 + £3 P&P

Processing ...

Sign up for occasional News

Recent Posts

  • Resonate is creating a Co-operative Privacy and Trust system for digital dignity across communities October 23, 2020
  • Decent Gov Now October 15, 2020
  • OPEN 2020 – Videos July 17, 2020
  • Bristol Pay – a possible future for local currencies July 10, 2020
  • VIDEO: OPEN 2020 – Governance in collaborative projects July 9, 2020
  • Video: OPEN 2020 – Mutual credit deep dive July 3, 2020
  • VIDEO: OPEN 2020 – Cooperation will win June 29, 2020
  • VIDEO: OPEN 2020 – Mr Gee June 29, 2020
  • VIDEO: OPEN 2020 – Universal Basic Everything June 29, 2020
  • VIDEO: OPEN 2020 – Coordination in decentralised networks June 22, 2020
  • VIDEO: OPEN 2020 – Tools of collaboration June 20, 2020
  • VIDEO: OPEN 2020 – Introducing mutual credit June 20, 2020
  • VIDEO: OPEN 2020 – The language of the commons June 19, 2020
  • VIDEO: OPEN 2020 Introduction June 18, 2020
  • Building the commons economy – Q&A with Enric Duran from Faircoin June 1, 2020

Tags

Currency Data DecentGov Democracy Dmytri Kleiner Dynamic Equity Enspiral Grunt Fund John Restakis Loomio Michel Bauwens Mike Moyer Multistakeholder Mutual Credit OPEN 2017 Open Co-ops Open Value Networks P2P Foundation Platform Co-ops Resonate Slicing Pie Stir

Contact The Open Co-op

Privacy policy

  • Facebook
  • Twitter

The Open Co-op