Palo Alto Pizza Co. is a pizza company in the sense that it owns a domain name that says "pizza" on it. There is no pizza. There has never been pizza. The founding thesis is that the pizza, like the product roadmap of most companies this domain is winking at, is aspirational.
The Company's core competency is noticing things in television shows that nobody asked it to notice, and then acting on that information with more conviction than it warrants.
Name: withheld, pending a better idea
Prior experience: watched the show, paused it, zoomed in
Founder-market fit: owns a laptop and eleven dollars
| Holder | Shares | Ownership | Vesting |
|---|---|---|---|
| Founder | 1 | 100% | Fully vested, one cliff, no chill |
| Seed Investor (extra pepperoni round) | 0 | 0% | N/A — declined to participate |
| Advisory Board (a guy who works in ads) | 0 | 0% | Advises verbally, at parties |
| Option Pool | 0 | 0% | Reserved, indefinitely, for nobody |
Valuation, pre-money: zero dollars. Valuation, post-money: two dollars, reflecting a modest premium for the domain and an unmodest premium for the joke.
Use of proceeds: renewal fees. If proceeds are ever raised, in order of priority — domain renewal, then possibly a hosting bill, then whatever is left goes toward actual pizza, consumed personally, off the books.
Liquidation preference: 1x, non-participating, purely for the pleasure of typing "liquidation preference" into a pizza website.