you misunderstood, you are not actually raising money, you are picking a number as if you were so you can agree on dilution. What would be a 409a valuation of your business? Say it's 100 million. How much extra cash would the business need to replace you? Say it's 1 million? I'm just guessing here but I think there is a math formula that can make it seem very standard and fair.
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Thanks. But we do not need to raise any money. As I said, we make single digit millions (in Euro) per year in profit.
Do you have any other ideas? Or did I misunderstood you?
you misunderstood, you are not actually raising money, you are picking a number as if you were so you can agree on dilution. What would be a 409a valuation of your business? Say it's 100 million. How much extra cash would the business need to replace you? Say it's 1 million? I'm just guessing here but I think there is a math formula that can make it seem very standard and fair.