Seymour Arasalov
๐ค SpeakerAppearances Over Time
Podcast Appearances
We keep it clean.
How much do the two co-founders own?
Each co-founder owns 40%.
And then we have 40%.
And then how much does 500 Startups own?
500 Startups, it's a safe note.
They have about 6% and Techstars is 7%.
They are safe notes for now.
Got it.
So 80% plus 6% plus 7%, where's the other 5% of the business?
They are unallocated pool of shares for the future employees.
So we keep it for the employees.
Really, really smart.
Interesting.
Okay.
So what are you seeing in the market?
Do you think you're going to raise one out of 10 per week?
It's a very busy space, Nathan.
Honestly speaking, it's a red ocean.
But at the same time, customer from New York got acquired by Facebook for $1 billion.