The two original founders own 20% each while two current investors own 60%.
The two investors are interested in being bought out and moving on. The two founders want to stay with the business and grow it with the new investor. What kind of deal would allow us (founders) to RETAIN our equity or even increase it, while still getting the other two guys bought out? This new angel will want the working founders to have some “skin in the game” and we can’t do all the work ahead of us unless we have upside.