Performance-based equity tool that helps startups reach goals
|Blog Post||Complete Sale||Total||Pool Split|
Early startups are created on trust, handshake agreements, and ideas sketched on a napkin. Some startups can afford static equity plans(10-50K), Fortune 1000 companies can use performance equity(100K-1M). We bring performance equity to everyone.
1) Determine how much equity(in stock units or percent) you want to offer your team.
2) Bring your team members on board.
3) Team members record their time or tasks.
4) View and track the equity pool. (Make it legally binding when you’re ready)
You can focus on your product while Mastly makes it easy to signing legal documents all within the dashboard
We’ve crafted legal documents that cover founders, employees, contractors and advisors
Mastly automatically updates your legal documents to stay aligned with changing laws and to better motivate your team
|YEAR ONE||Mastly||Lawyer||Cap Shares + Lawyer||Slicing Pie + Lawyer|
|Cost Team of 10||$2k||$15-30k||$10-20k||$15-30k|
|Equity Type||Dynamic & Static||Static||Static||Dynamic|
|Upgrade legal documents||+|
|Manage Cap table||+||+++||+|
|Performance Tracking Dashboard||+|
|Timeframe||1 Day||2-4 Weeks||2-4 Weeks||4-6 Weeks|
I had tried to do a dynamic equity split based on the Slicing Pie book, but I couldn’t get the right legal agreements. Mastly took care of all the details.
Mastly helps our team to track time and tasks efficiently to clearly see the input of each team member. Also, it allows us to run efficient and short briefs on team performance and motivates us to focus on results that benefit the company.
Mastly allows entrepreneurs to get businesses going quickly and reward team members with a radically new system.