You have started a company and developed a very crude prototype. Your cousin who works for a consulting company is excited about the idea, and
You have started a company and developed a very crude prototype. Your cousin who works for a consulting company is excited about the idea, and doesnt know what else to do with his money so he decides he wants to be your first investor. You agree to take $75,000 from him on a SAFE with a $1.5M valuation CAP and 25% discount on a priced equity round with a $1M minimum qualified financing for conversion. What is the pre-money valuation of the company before your cousin invests?
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Authors: Mark Aarons, Vlad Ender, Andrew Wilkinson
1st Edition
1119532272, 978-1119532279
