£500k was a theoretical value of the company as whole; VB and partners would have to sell all their shares to generate £500k at that point.
They offered 10% to people for £50k whilst retaining 90% of that theoretical value.
I'm not talking about that. I'm talking about the £500k additional funding mentioned in the first post. £100k to come through this Seedrs round and the rest through some other means. If that other means involves equity, what's the target price for the equity released?
I'm not talking about that. I'm talking about the £500k additional funding mentioned in the first post. £100k to come through this Seedrs round and the rest through some other means. If that other means involves equity, what's the target price for the equity released?