GrowLife Inc (PHOT)

[strategydoc]

Nice post- literally sounds like a case from a VC seminar I took at school last year. One caveat to the 25% and I'm sure you know this- in general, this is what happens with further funding (Series A, B, C....etc). Earlier investors always complain their share is diluted with each funding cycle. In fact, founders complain too. But the fact is the earlier you get in the bigger you will win. Each funder valuates the company to get a piece of the pie- and they do a serious DD including most critically their forecast of growth. Clearly they are forecasting huge growth moving forward.