Based on the Ockham Technologies case studies, it states that they plan on giving 33% of the firm to outside investors in order to raise future financing. From what you read in the second case, clearly that is not enough, as one investor group wanted 50% for full funding, while other groups wanted close to a third for first round (Series A) funding.
What do you expect to give up to future investors, what percentage of the companies total equity will the three founders actually end up holding?
At the planned exit in five years, they expect that they will be able to sell the company for $100,000,000 ($20,000,000 in revenue x P/S multiple of 5).
What will be the return to the initial founding team?