You’re right, it’s definitely fishy and his claim doesn’t seem to hold up. According to Wellfound (previously Angellist) Brave was seed funded by Founders Fund with 4,5mil USD, which brings them close to owning 10% of Brave, though possibly with some dilution, because Chinese company Qihoo 360 provided 2,5mil USD in seed funding in 2015 already. I don’t think it’s likely that any “[…] first floor engineers at Brave” have a bigger equity, if I’m not completely misunderstanding how these equity valuations work.
It’s definitely suspicious. Since I’m inbetween moving browsers from Chrome to Brave right now, I’ll have to dig deeper into this and maybe switch to Firefox again. Though Mozilla has their own issues.
You’re right, it’s definitely fishy and his claim doesn’t seem to hold up. According to Wellfound (previously Angellist) Brave was seed funded by Founders Fund with 4,5mil USD, which brings them close to owning 10% of Brave, though possibly with some dilution, because Chinese company Qihoo 360 provided 2,5mil USD in seed funding in 2015 already. I don’t think it’s likely that any “[…] first floor engineers at Brave” have a bigger equity, if I’m not completely misunderstanding how these equity valuations work.
It’s definitely suspicious. Since I’m inbetween moving browsers from Chrome to Brave right now, I’ll have to dig deeper into this and maybe switch to Firefox again. Though Mozilla has their own issues.
Sigh. Thanks for your reply!