Ofosio: Founder owns 82% of FEBO Health, parent agency owns 5%
Nick Ofosio · Why he raised $150k at $4m Pre Seed Round · Feb 28, 2022 · at 16:26
Nick Ofosio, founder of FEBO Health, clarifies the company's cap table breakdown and agency equity ownership.
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“So I don't own 87, I own 82. The agency owns five percent.”
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“Apple, for them to move the needle, they have to focus on a larger audience. And we are not focused on a larger, or like, you're not my customer. I mean, I don't know whether or not I'm assuming here, but we're, our customers are the chronic condition patients…”
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“We're spending about the national average is two 80. We're right now at like one 70 something.”
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“It was a 160,000. Safe round one at four million dollar valuation. And the, that was, that will take us to roughly about end of June.”
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