An experiment in radical transparency

Compensation

Board: Stephen Grugett, James Grugett, Austin Chen

Notes

Employee Benefits

Cap Table

• Hourly/weekly Rates are for contractors/work trials.

Rough annual budget

$1mm on personnel (5 - 7 full time employees) $100k - $200k on server hosting and software expenses $100k - $250k on legal expenses $100k Manifest $30k on office expenses $30k on offsites

Funds raised

Investors: 17.50% at 40M Valuation Cap

As of December 31, 2023

Spreadsheet: https://docs.google.com/spreadsheets/d/1sQ7PLFD6qrqKQ-7o_aIrok1xcDf5f_xdSQcQ5r-sdpE/edit?usp=sharing

Founders + Employees: 82.50%

• Founders: 22% each (26.66% pre-money * 82.5%)
• Employee Option Pool: 16.5% total (20% pre-money * 82.5%)