Turkish Founders Can Use The Slicing Pie Model
Standard slicing pie cofounder agreement template for pre-incorporation phase is now customised for Turkey.
Dynamic equity split based on the slicing pie method is very popular with founders as an alternative to the traditional fixed equity splits. Why? Because it is transparent, fair and future proof. And it provides an understandable and objective methodology. It also accommodates for the uncertain future, which is the main blind spot of the fixed splits.
Istanbul: thanks to the efforts of Ahmet Necip Arslan, Legal Expert at ACL Istanbul, who customised for Turkish founders the Cofounder Agreement template using the dynamic equity split! The dynamic equity split is based on Mike Moyer’s slicing pie method. This is great news for Turkish early stage founders, as it gives them the opportunity to use the ‘fairest equity split tool’ and avoid many potential issues that are caused by fixed equity split in too early stages.
Ahmet Necip Arslan felt it was essential for Turkish founders to meet the dynamic equity split model after witnessing numerous disputes between founders regarding early stage equity split percentages. He thinks Turkish law allows an easy and cost effective way of equity distribution at any stage and the founders can just focus on contributing to their startup knowing that the equity they will get will reflect the effort and the capital they put in the company.
The solution is based on the standardised templates developed by Jana Nevrlka, the founder of Cofounding, who coordinates the development of the slicing pie solution for European founders together with great help and support of Mike Moyer and other local slicing pie experts.
Mike Moyer, the US-based inventor of the Slicing Pie model, was pleased to hear the development “Slicing Pie is used by thousands of companies all over the world and most countries encourage fairness, but it is always nice to give founders that extra certainty that the model is aligned with the local rules and have local Slicing Pie expertise available.”
Ahmet Necip Arslan, is a visionary lawyer and an entrepreneur. Ahmet, attorney-at-law, graduated from Istanbul University Faculty of Law with honors in 2013. Subsequently, he worked at Baker McKenzie before starting his own practice in 2015. Since, he has also earned his Master’s degree in the Department of Public Law from Istanbul University in 2019. He customised the slicing pie cofounder agreement for use in Turkey. He has a deep understanding of the method, its benefits and how to implement it.
He has wide ranging experience in international litigation, distribution agreements, agency agreements and disputes arising from these agreements, violation of tax procedure law, and mischief in tender. He has provided consultancy and represented numerous clients in such matters. He also coordinates and conducts internal investigations for clients.
Ahmet is a partner at ACL Istanbul.
About Cofounding
Cofounding is creating tools and know how for founders, which include cofounder agreement templates, equity split tools and courses, and a proven 7 steps of cofounding the right way methodology, developed by Dr. Jana Nevrlka. It is summarised in an international bestseller, Cofounding The Right Way. Jana is driven by the mission of “No more failed business partnerships!” .. that could have been prevented. She is focused on helping founders build cofounding teams that win and last.
About Slicing Pie
Slicing Pie is a universal, one-size-fits-all solution for the allocation and recovery of equity in an early-stage, bootstrapped company. It is a formula that allows founders to divide equity based on the fair market value of each participant’s contribution. It is a fair, logical and structured way to align everyone’s interests and incentives. Slicing Pie is used all over the world. It is, by far, the fairest way to split equity in an early-stage, bootstrapped startup! Developed by Mike Moyer.