No, we actually have a group of 7 with an even split of 51% of the shares. That 51% is in a block so the group as a whole has controlling interest in the compa

No, we actually have a group of 7 with an even split of 51% of the shares. That 51% is in a block so the group as a whole has controlling interest in the company. We then used this calculator to split 29% based on sweat equity and contribution to the project. http://www.andrew.cmu.edu/user/fd0n/35%20Founders%20Pie%20Calculator.htm http://www.andrew.cmu.edu/user/fd0n/35%20Founders%20Pie%20Ca... I used the formula from this site to create a calculator in excel. We didn't like an even split because not everyone was contributing equally to the project. By doing this, we were able to quantify everyone's contribution and because of this everyone was able to agree on the split. We left the remaining 20% authorized, but not issued for future investment. This seems like a convoluted way to split the shares, but in the end, everyone was happy because there were numbers to back up the method.