Phil Reynolds
๐ค SpeakerAppearances Over Time
Podcast Appearances
And that was, well, technically there's another 50,000 or so that left.
But I mean, right now we raised the seed round, the pre-seed round on purpose because we needed to do that to accelerate everything.
So that was the amount I just said, the 500,000 that was- Oh, you were 100% of the angel round.
We were the, well, it was us and the other two founders kicked in a couple, you know, $10,000 each or something.
I see, I see, I see.
Yeah, truly angel, truly an idea on a napkin at that point.
No.
Actually, I really am a fan of straightforward equity deals for a lot of reasons, which we won't get into in this timeframe.
But I really liked that.
And not only that, but I did not ask for any sort of a ratchet or leverage.
And so the way we set it up, there's myself, my wife, Kuitim Hoja, and another gentleman, Aaron Salaf, who are the founders.
There's four of us.
And the two of us kicked in the cash.
We took 50% of the equity.
The other two of them really brought a lot of additional engineering gravitas to the table.
And they're fabulous.
And so we gave them the other 50% of the equity.
Sorry.
It would have been a million for the company.
$500,000 for 50%.