Great article Matthew. I’d value more insights from you on the Flaw: Studio Resource Allocation. I’ve been thinking about a mitigation step for this that integrates the following process upon newco launch:
1) Pre-Launch Resource Needs Assessment - after the studio and founding team have validated the Newco, conducting a resource needs assessment with establish the talent needs for Newco.
2) Budget & Head-Count Plan - based on the resource needs assessment, the studio and founding team should create a 12 month budget and headcount plan.
3) MSA between the Studio and Newco - Similar to an employment agreement with a cofounder, the studio should make a service agreement with the founding team, so it is clear what resources Newco will receive (perhaps tying this to earning equity or compensation).
Great article Matthew. I’d value more insights from you on the Flaw: Studio Resource Allocation. I’ve been thinking about a mitigation step for this that integrates the following process upon newco launch:
1) Pre-Launch Resource Needs Assessment - after the studio and founding team have validated the Newco, conducting a resource needs assessment with establish the talent needs for Newco.
2) Budget & Head-Count Plan - based on the resource needs assessment, the studio and founding team should create a 12 month budget and headcount plan.
3) MSA between the Studio and Newco - Similar to an employment agreement with a cofounder, the studio should make a service agreement with the founding team, so it is clear what resources Newco will receive (perhaps tying this to earning equity or compensation).
Thoughts?