Anand Narayan

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Let’s say, in our example above, that instead of selling in the second quarter, Norvin decided to bail out because he found a high-paying job somewhere else. This is resignation for no good reason. It may be a good reason to Norvin, but it’s not a good reason for the company. In the Slicing Pie model Norvin bears the brunt of the cost and he would lose the equity he earned for any intangible contributions like time. (Tangible contributions like money and equipment are treated a little differently
The Slicing Pie Handbook: Perfectly Fair Equity Splits for Bootstrapped Startups (Mike Moyer's Virtual Dojo)
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