Skip to content
Find file
5b52296 Apr 8, 2014
102 lines (88 sloc) 4.34 KB

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
Something went wrong with that request. Please try again.