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by wateroutflow
760 days ago
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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%. > 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? |
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