While I suspect that Professor-of-Entrepreneurship has a lot of the details worked out in his book, I would be concerned about tax implications (higher-basis/mo

While I suspect that Professor-of-Entrepreneurship has a lot of the details worked out in his book, I would be concerned about tax implications (higher-basis/more-recordkeeping) and the distractions/morale-risks of constant rolling renegotiation about "latest contributions". For example, when the company hits a rough spot, it may be best for a team of N to be thinking, "We all need to work extra hard this month so that our 1/Nth shares wind up worth something, rather than nothing." Rather than, "I need some recharge time, I'll let others earn a little more this month, and re-engage for my increments if and when it gets less crazy."