About half of this is mine; the original was much more sale-sy and less business-y. There are two of us, the host/creator has sunk a lot of equity into it, it'sa good product but it needs recapitalizing. I've been working free on this for the last month. I suck at business; I need to be the CTO and manage the manufacture and delivery of the product, which is plenty of work for one person.

For confidentiality reasons, I've left out the financials. In brief, we're looking to raise up to $500k and thinking of a 10-15% risk premium with full recap in 3-5, plus 1-2% of net. I think YC people are honest enough that I feel safe to post it here.

Thank you for your time. Anything from 'tl;dr' to longer critiques would be welcome. If you prefer, email me at eddy@entertainingpeople.com. If this is inappropriate for YC, feel free to say that too.