Gil Ghibli, founder of Run of Show, reflects on cap table dilution after giving away about 30% of his company early on.
0:00 / 0:12exact quote · 12.6s
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“I do think that I've been a tiny bit generous
at my friends and family round, I think I should have given away less equity from the company when I did it.”
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More from Gil Ghibli
Insight
Ghibli: Founders must maintain continuous full ownership of code during development
“That as a business owner that hires a software engineer, first and foremost, you have to have full control of the code. You have to have full access and ownership. Of every single line of code that the engineers are writing never, you know, trust you know, an …”
Gil GhibliJan 14, 2023▶ 11:15Why he regrets selling 30% equity in $200k pre seed round
Disclosure
Run of Show raised pre-seed round at roughly $650k valuation cap
“That was about 650,000.”
Gil GhibliJan 14, 2023▶ 9:50Why he regrets selling 30% equity in $200k pre seed round
AssertionNot checkable as stated
Ghibli: Run of Show wasted probably $100,000 on failed initial engineering
“Probably a 100,000 dollars.”
Gil GhibliJan 14, 2023▶ 11:10Why he regrets selling 30% equity in $200k pre seed round
AssertionNot checkable as stated
Ghibli: WeWork hosted 50 to 100 private rental events weekly across US
“I would say that every week we probably had close to 50 to a hundred events across the country of folks that rented out WeWork spaces.”
Gil GhibliJan 14, 2023▶ 7:14Why he regrets selling 30% equity in $200k pre seed round
Disclosure
Run of Show raised $150k to $200k from friends and family
“We raised a small amount of a 150 to 200,000 dollars from friends and family that believe in me, believe in the idea, and were interested to join this.”
Gil GhibliJan 14, 2023▶ 8:53Why he regrets selling 30% equity in $200k pre seed round
AssertionNot checkable as stated
Ghibli: Run of Show currently has four or five free users
“Not a lot. About four or five.”
Gil GhibliJan 14, 2023▶ 14:22Why he regrets selling 30% equity in $200k pre seed round
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