Pierson's Father Seeded Headspace And Refused Equity Until Their 2015 Series A
Rich Pierson · Headspace: Andy Puddicombe and Rich Pierson (2019) · Jan 3, 2022 · at 38:11
Headspace co-founder Rich Pierson discusses how his father provided early funding to get the company started without requiring equity upfront.
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“He never ever once asked for any shares in the business, or any return for any of the money that he gave us. And to the point that actually when we finally did do A fundraise in 2015, like our first proper fundraise, that was when we kind of forced him to take shares for the amount that he'd invested in the early days, but he never genuinely, he said to me, I was never expecting to see any of that, that money back.”
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