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How many shares do they each receive? Thanks! In 2014, Mike, Sara, and Beth quit their day jobs and launch a company called Good Eggs.
How many shares do they each receive? Thanks!
In 2014, Mike, Sara, and Beth quit their day jobs and launch a company called Good Eggs. The Company's mission is to connect Food Producers (i.e. Farmers) directly with Consumers. All three invest $25,000 (total of $75,000) to build the Minimal Viable Product (MVP - product with just core features sufficient to deploy it) and agree to work on the business equally on a go forward basis. To that end, each signs a 4-Year Vesting Agreement. All are treated equally in terms of receiving Founders Equity with the exception of Mike receiving an additional 10% for coming up with the idea, doing some of the early legwork, and serving as CEO. They agree to set the Founder Pool of Equity at 20,000,000 Shares and allocate accordingly. D Question 1 4 pts Cap Table - Founders / 2014 Options Series B Series A Angel Founders PP (1.5x) CP (4x) CP (1x) $20,000,000 $5,000,000 $675,000 $75,000 Investment Mike 25000 Sara 25000 Beth 25000 Angel Investors Cowboy Ventures Kleiner Perkins Reagan, COO Julie, CFO Founders' Equity Pool - Not Issued Option Pool - Not IssuedStep by Step Solution
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