1TT 33.3% 0.2¢ thrive tribe technologies limited

Ann: Becoming a substantial holder, page-58

  1. 499 Posts.
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    I'm not sure what "pure investment" means in this context - as opposed to what?

    My experience of private company funding rounds is that the equity has to come from somewhere. Usually taking new rounds of investment requires *someone* to take a hit i.e. the cap table adds up to 100% before the round and it adds up to 100% after the round and the new investor(s) now have some chunk of the 100%. So everyone in the cap table before takes a dilution hit. This hit may not be distributed evenly and it's possible to not take a hit - so maybe you have founders with (say) 70% and Series A investors with 30% and you take more money in during Series B but most/all of it comes out of the founders not Series A people who put up real money.

    Where does that valuation and income number come from?
 
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