An experiment in radical transparency

Compensation

Board: Stephen Grugett, James Grugett, Austin Chen

Notes

Employee Benefits

Org Chart

Cap Table

• % Post-seed stake is the theoretical ownership stake in the company post-seed round dilution (i.e. assuming investor SAFEs convert at the cap, and all 10M common shares are issued)
• % Equity is the percentage of the 10M allocated common shares.
• Hourly/weekly Rates are for contractors/work trials.

Rough annual budget

$1mm - $1.5mm on personnel (6 - 10 full time employees) $100k - $250k 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%