We raised a SEAL round led by Earnest Capital in 2019. We gave up no board seats or equity, and we remained an LLC. If we were to raise a subsequent round or sell the company, they’d be able to participate per their Equity Basis.
Under a SEAL, an exit isn’t the only way for investors to realize ROI — we can run a profitable business and distribute Shared Earnings.
FWIW, the mentorship and cohort of similar founders has been valuable to us so far.
Under a SEAL, an exit isn’t the only way for investors to realize ROI — we can run a profitable business and distribute Shared Earnings.
FWIW, the mentorship and cohort of similar founders has been valuable to us so far.