Startup, Fundraising, Venture Capital, Entrepreneurship.
3 = $420k) is $385k. Team dividends are small in an absolute sense but still noteworthy — $0k (Earnest) vs. $12k (TinySeed). Earnest has an ‘Equity Basis’ of $385k. Payments to Earnest have reduced their convertible ownership to 12.8% based on converting their equity basis into a $3 million