Jules Hill: Cellbreaker engaged in carrier partnership and M&A talks
Jules Hill · Startup COO Leaves after 500 Accelerator, Left with 1% Equity with Jules Hill Episode 183 · Mar 4, 2016 · at 9:46
Former Cellbreaker COO Jules Hill explains how legal discussions and acquisition talks slowed company operational momentum.
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“We were talking with cell phone carriers. We were talking with partners about, you know mergers, acquisitions, that kind of stuff. We're talking with investors”
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More from Jules Hill
Hill: Cellbreaker joined 500 Startups and received a $100K investment
“One of the big sort of milestones we reached was getting accepted into the 500 startups program out in California. That comes with a hundred K investment as well.”
Jules Hill retained roughly 1% equity in Cellbreaker upon his departure
“I, yeah, well, I guess I still have about one percent, I think is roughly what I have, if I recall correctly.”
Hill: Cellbreaker had raised about $50K when he joined
“Cellbreaker had raised about 50 K when I... Decided to kind of join full time.”
Hill: Started with around $20,000 a year salary at Cellbreaker
“I started off with around 20,000 a year.”
Jules Hill joined Cellbreaker with 6% equity and milestone-based compensation reviews
“We, I came on initially at six percent with the option to sort of, as the time went on, we had sort of set milestones for us to reach at which point I would be offered more or an increase in salary, basically open to discussion.”