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So if you raised 500k, they would get 50% of the company?
by survirtual 4y ago
So if you raised 500k, they would get 50% of the company?
- sebmellen 4y agoIf you raised at a $500k valuation, yes. Not if you just raised $500k.
- survirtual 4y agoOkay, so that is what “uncapped” refers to here — there is no cap on how much of an ownership stake the investor can translate to. That contract seems like a really bad deal unless you’re certain to be raising a lot of money & need capital to cross some barrier to get there.