Gaurav Seth owns 100% of WorkforceNext despite having a technical co-founder
Gaurav Seth · Employee time tracking app hits $180,000, founder owns 100% · May 27, 2022 · at 10:24
WorkforceNext founder Gaurav Seth speaks with Nathan Latka about his company's cap table and co-founder arrangements.
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“Right now I have a hundred percent of equity.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Gaurav Seth
WorkforceNext splits all earnings 50/50 with its non-equity technical co-founder
“So yeah, but we have the equal salary model. So whatever we are earning, we are splitting that in equal amount.”
Gaurav Seth: WorkforceNext maintains approximately a 70% profit margin
“Yeah, approximately we have a 70% profit in our total account.”
Gaurav Seth says LG uses the WorkforceNext platform
“LG is using our platform and there are some production.”
Gaurav Seth plans to offer his co-founder equity upon raising funds
“I mean, I have particular plan that as soon as we start raising the fund, I will offer him some equity as well.”