Word of the Week
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Grunt Fund

/ɡrʌnt. fʌnd/n.
 
A grunt fund gives fiscal value to all contributions, tangible and intangible, a founder makes to a startup. Everything from intellectual property and connections to time and cash is valued by the fund.
A complex formula then assigns weight to each contribution and allocates company equity stakes amongst the founders accordingly.
Read more in the article we have sourced for you.