Learning Path 08
Equity and Ownership
Shares, vesting, dilution, valuation, and the difference between earning and owning.
- Intermediate
- ~10h estimated
- 12 modules
- 71 topics
Why this path matters
Income pays for this month. Ownership is how wealth actually compounds.
What you will understand
- The difference between earning income and owning value.
- Where the conventional wisdom quietly gets it wrong.
Modules in this path
Ownership Fundamentals · Equity & Ownership
- Salary versus Ownership
- Equity versus Revenue
- Equity versus Profit Share
- Common Stock
- Preferred Stock
- Voting Rights
- Non-voting Shares
Shares, Vesting, and Dilution · Equity & Ownership
Equity Beyond Stock · Equity & Ownership
- Phantom Equity
- Profit Interests
- Sweat Equity
- Advisory Shares
- Employee Ownership
- Partnership Equity Splits
- Equal Split Problems
Agreements and Protections · Equity & Ownership
- Buy-sell Agreements
- Drag-along Rights
- Tag-along Rights
- Liquidation Preferences
- SAFE Notes
- Convertible Notes
- Valuation Caps
Valuation and Value · Equity & Ownership
- Pre-money versus Post-money
- Enterprise Value versus Equity Value
- EBITDA Multiples
- Revenue Multiples
- Owner Earnings
- Seller Discretionary Earnings
- Private Business Valuation
Buying Equity vs Building It · Equity & Ownership
- High Valuation Risk
- Buying versus Building Equity
- Buying Cash Flow
- 409A Valuations
- 83(b) Elections
- Qualified Small Business Stock
- Profits Interests in Practice
Equity Paperwork That Decides Taxes · Equity & Ownership
Growth Is Not Free · Contrarian Lessons
- Why More Customers Can Make a Business Worse
- Why Growth Is Dangerous
- Why Debt Is not Automatically Bad
- Why Investors Are not Free Money
- Fake Revenue
- Valuation Is not Wealth
Money Myths · Contrarian Lessons
- Audiences That Never Monetize
- Why Great Products Fail
- Mediocre Products with Distribution Winning
- When Lower Prices Kill Demand
- When Price Increases Improve Profit and Sales
- The Truth About Passive Income Marketing
Product Myths · Contrarian Lessons
- The Case for Boring Businesses
- Why Founders Should not Do Every Job
- Systems Beating Hustle
- Cash Flow Beating Hype
- Ownership Beating Income
- Concentration versus Diversification
People and Process Myths · Contrarian Lessons
- Why Partnerships Fail
- Hiring Too Early
- Firing Too Slowly
- The Trap of Copying Competitors
- Chasing Trends Too Late
- Best Market versus Biggest Market