Suppose the probability of low, medium, and high are 60%, 35%, and 5% respectively, what would be the founder’s expected payout under each term sheet?
CellFree – Background You are the founder of CellFree, a cellphone battery and charging unit that allows cellphones to charge wirelessly. CellFree has been in operation for 2 years. For the first year and a half you were able to self- fund your company with $50,000 which you had saved from working at your previous […]