CleanCloud bought out 75% of departing co-founder's equity
Enrique Vaz · Brazilian Cloud Security SaaS Hits $750k ARR With $350k Raised, Opening $5m Series A Soon · Oct 3, 2021 · at 5:42
Enrique Vaz, CEO of Brazilian cloud security startup CleanCloud, describes restructuring their cap table after an early co-founder left the business.
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“What we did is that we buy out 75% of his equity. So he kept a little bit because he was in the early years of the company and we found this was fair.”
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More from Enrique Vaz
CleanCloud bought co-founder's stake at a 5x to 10x discount
“Something between five and 10 X discount.”
CleanCloud pays Brazilian sales reps a $1,000 monthly base salary
“Their fixed compensation, like is like a thousand dollars a month.”
Vaz: CleanCloud customers pay an average of $2,000 per month
“On average, they pay around 2000 dollars a month. We usually sell on annual contracts.”
Vaz: CleanCloud's 2019 seed valuation cap was around $2 million
“On that round we did there was like two valuations because at that time we had one co-founder that left the company. So we had this primary and secondary valuation and the average, we don't disclose this number but it was around two million dollars.”