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> it was valuated over $1million, and secured pre-seed investment of $250,000. I currently own 25%, our investor owns 70% and the co-founder CTO owns 5%. > Dur
by wateroutflow 2y ago
> it was valuated over $1million, and secured pre-seed investment of $250,000. I currently own 25%, our investor owns 70% and the co-founder CTO owns 5%.
> During our first year, we paid our CTO $84,000 and we spent the rest of the money trying to develop hardware and software.
Why did your investor who gave 250,000 get 70% of the 1,000,000 valued invention?
What is stopping you or your investor from buying out the 5% when it is worth much less than the cash that you paid in the first year?
Where is this located in?
- deleted 2y ago[deleted]