Shannon Gove
👤 SpeakerAppearances Over Time
Podcast Appearances
So it's not just money we're chasing here.
I think we'll get that money from somewhere.
We just want to make sure it's from the right people.
And Shannon, what's the cap table like today?
How much equity do you still own?
Yeah, so what did we give up last time?
I think it was 22%.
Yeah, correct.
Correct.
So that's still what we have there.
And so three co-founders are majority shareholders of the business.
And I'm one of those.
And then we have the investors in that small pool.
Scott, so you plus the other two co-founders on 78% and investors on 22%.
Yeah.
And we have an ESOP pool for our staff.
So that is 10%, but that just hasn't all been utilized yet in a small portion.
A lot of people struggle with when to set that up, right?
When do you start incentivizing employees with an ESOP pool?
Did you set that up by your pre-seed round, the $1.6 million?