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The math might not be quite right here. Depending on how earlier investors are diluted by later investors, if at all, the 4 groups could own as little as 49% of
by argonaut 12y ago
The math might not be quite right here. Depending on how earlier investors are diluted by later investors, if at all, the 4 groups could own as little as 49% of the company.
- tonydiv 12y ago"As little as 49%?" Yes, you're right, I didn't account for dilution, but I also didn't account for the 20 other convertible notes they've taken.