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33cube, Inc. Financing Rounds

October 2011 Convertible Note

  • Bertrand Serlet and Dave McClure / 500 Startups
  • $125,000 amount
  • 1 year maturity
  • 5% interest rate
  • 15% discount
  • $3M cap

November 2011 Convertible Note

  • Index Ventures (lead), Strive Capital, Dave McClure / 500 Startups, David Williams / 2020 Ventures, Phil O’Brien, Gerald Rimer, Avery Hager, Sol Werdiger, Michael Herf
  • $675,000 amount
  • 1 year maturity
  • 5% interest rate
  • 20% discount
  • $5M cap

July 2012 Series Seed

  • Index Ventures (lead), Strive Capital, Dave McClure / 500 Startups, David Williams, Bertrand Serlet, Gerald Rimer
  • $1,000,000 amount
  • Effective valuation of $7.8M post

April 2013 Bridge Note

  • Index Ventures (lead), Dave McClure / 500 Startups
  • $525,000 amount
  • 1 year maturity
  • 5% interest rate
  • 20% discount
  • $10M cap (kicks in if raising less than $4,000,000 at Series A)

33cube, Inc. Cap Table

Fully-diluted after Series Seed (including conversion of previous Convertible Notes).

Owner Equity
Founders 66.43%
Investors 26.18%
Options Pool 7.38%

33cube, Inc. Profit & Loss

October 19th, 2011 - December 15th, 2013 Accrual Basis

| Income |     Everpix Subscriptions | 269,974.47     Refunded Purchases | 2,696.78     Vendor Credits | 7,451.31     Interest Earned | 573.82 Total Income | $280,696.38 | Expenses |     Bank Charges | 1,396.70     Government Fees | 8,827.20     Legal & Professional Fees |         Accountants | 9,251.95         Consultants | 272,821.83         Legal |             General Corporate | 85,775.46             General Patent | 37,463.52             Immigration | 2,215.00             Initial Bridge Financing | 27,086.56             Investors Legal Costs | 20,722.05             Series Seed Preferred Stock Financing | 15,351.23         Public Relations | 109,552.34     Office Expenses |         Entertainment Meals | 2,022.27         Food & Beverages | 8,073.03         Hardware | 10,981.09         Insurance | 2,446.00         Miscellaneous | 4,829.51         Rent | 95,085.24         Service Subscriptions | 5,039.84         Software | 2,172.05     Operating Costs |         Amazon Mechanical Turk | 8,916.75         Amazon Web Services | 394,588.35         Google App Engine | 7,878.01         Other Cloud Infrastructure | 15,699.84     Personnel Costs |         Health Care | 62,653.68         Miscellaneous | 1,442.18         Payroll |             Salaries | 832,347.83                 Withholding | 360,025.20             Taxes | 130,486.03         Recruiting | 51,836.00     Promotional Expenses | 48,007.80     Travel Expenses | 30,197.80 Total Expenses | $2,665,192.34 | Net Operating Income | -$2,384,224.67