Slicing Pie: Fund Your Company Without Funds is Mike Moyer's book and equity-allocation framework for distributing ownership in an early-stage company among co-founders, hires, suppliers, and investors before the company can pay them in cash.
The core method treats each contribution — time worked at fair-market rate, capital invested, equipment supplied, services rendered — as a "slice" calculated against a theoretical baseline. Slices grow until a true fundable-capital event (a priced round, a revenue milestone) "bakes" the pie and freezes equity percentages. The model is designed to handle the awkward early-stage realities most cap-table conventions avoid: what to do when a founder leaves, how to handle equity for fired employees, how to value differential contribution before formal valuation exists.
Compared to fixed-split co-founder arrangements (commonly 50/50 or proportional to imagined contribution), Slicing Pie produces dynamic, contribution-tracking equity that is harder to argue with in the long run and easier to renegotiate without breaking trust. The book has become a frequent reference inside early-stage operator and lawyer circles, though it is not yet a mainstream default — most founders still default to fixed splits and discover the framework only after the first misalignment.