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CTO on founding team. Started out with 10% equity. Co. is now 6 years old. After a merger (diluted by 40%), $10m investment (diluted more), $4m strategic invest
by funded12345 8y ago
CTO on founding team. Started out with 10% equity. Co. is now 6 years old. After a merger (diluted by 40%), $10m investment (diluted more), $4m strategic investment (diluted more), then investors taking money off the table first for an exit event - I stand to make $100k if we sell at $20m and $600k if we sell at $40m (currently valued at $20mish). That's pre tax.
- eps 8y agoThat's underwhelming.
- nojvek 8y agoWell that’s what you get when you go for VC money. VC’s want the least risk possible for their money. So they will put themselves the first. Always. As an entrepreneur, your choice is to go with another VC. However VCs are short in supply, so the best option is to bootstrap and take the least amount of money