After launching the prototype and getting some pretty exciting customer feedback over the last six weeks, we want to raise a little investment money.
We're talking with several organizations so far. They all want to put in small amounts of cash. So, how do I organize this?
Something like this would be ideal:
- we pick a number of shares to issue (say, 30% of the company)
- we pick a share price
- angels, FFFs, and early-stage VCs buy what they want.
How to do this?
What happens if we set aside say 30% of the company, and then only 25% sells? Where does the remaining 5% go?
