2. Local Office Budget Framework Goal is to fund support of new branch for 1 year Hire 3 top notch crew members- all work for % with salary guarantee Budget $150,000 in salaries, plus benefits and taxes Suggested roles- Ops, Sales, Marketing SUG/Vim, Inc to pay some overhead for Boulder Allocation of cost for physical and virtual space Each branch decides need for office space and cost allocation Lease or agreement with Vim People, Inc Total budget is $308,500 per year for operations Approximately $200K for working capital and offer investment
3. Budget Framework Total Investment and Capital $500K per office Investments Min $5K max $50K Number of investors min 10 max 100 Ifdemandgoes crazy outpaces support- might have need for additional capital Capital for individual offers If author and offer require upfront capital what is process? How to allocate funds within office fairly? Make sure loudest voices or squeaky wheel get most money All offer expenses for revenue producing offers will be reimbursed to author prior to revenue distribution
4. Budget Framework To launch Boulder office we desire$100K in bank Gets base people underway Additional people invest up to full plan within 3 months See Boulder Budget spreadsheet at
5. Capitalization Table Founding Shareholder Vim, Inc- 5,000,000 founder shares Vim People Equity Team- 4,500,000 shares Vim Patron(investor) bonus- 500,000 shares- 1 share per dollar invested in as early stage Patron Convertible note at 6% for one year After one year converts to equity Limited offer, just for Boulder/Denver patrons Founder shares sold at par $.00001/share Each branch gets $500K based on market valuation at launch For details see Vim People Cap Tables at
6. Vim People Revenue Projections Boulder Projections 2012- $750K 2013- $3M Denver Projections 2012- $250K 2013- $2M Vim People, Inc Projections 2022 $1.5B Based on 200 offices 2032 $10B
