Mainline Funding Rounds,Valuation and Investors
Mainline Funding History
Mainline has raised a total of $1M over the last 17 years Raising this capital resulted in dilution for Rick Kearney despite non-dilutive funding options like Founderpath. With $1M money raised, Mainline would have to sell for $10M, for investors to be happy. For any founders and early employees to make money, the company would need to sell for at least $1M assuming no crazy liquidation preferences.
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2018 Series A
Mainline raised a Series A of $1M at a $3M valuation in October 2018