This is interesting, specifically the outstanding convertible notes. If the six year vesting is meant to communicate their company priorities, the over 30% (minimum, based on Series A) of the company owned by investors does too.<p>&gt; $175,000 was raised on notes with a cap of $5m
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&gt; $1,683,555 was raised on notes with a cap of $6m<p>For the first set of notes, that is a minimum of 3.5% of the company. For the second set of notes, that is a minimum of 28% of the company.<p>So for a pre-Series A company, you already have nearly a third of the company owned by investors. That percentage is only going to go higher in the future. If I&#x27;m an employee, I&#x27;d better hope my shares won&#x27;t be diluted 30% in all future rounds.