Olivier Simonis

We were both reaching 40s when we decided to step out of our employee job to start the entrepreneur adventure a bit on the side.

At 40.

And yeah, my co-founder, Serge, used to be the CTO.

And I mean, he has stepped down as CTO.

And we have a great CTO who replaced him about a year and a half ago.

So he's still working in the company, but as a chief innovation officer.

So we're both founders.

We still own the majority of the shares.

And now the

Of course, the investors that have joined us three years ago, they own the rest.

And also the team owns Warren.

So we decided two years ago that we wanted to have an employee stock option plan, not limited to a few

key people, but open to the whole company.

So we have now about 90 people of the employees of the company that own warrants of the company, and they will be able to exercise these warrants to have shares.

On a fully exercised and fully diluted basis, how large is the employee option pool?

Uh, we, we, we made it, uh, at 10% of, uh, the cap table.

Um, yeah, then it was right.

It was a bit diluted.

No, I think in total, it's a, it's about 7.5%.

Um, and then investors own something between pot 10 and 20%.