I am a co-founder for a startup. Near the outset of the company creation, we did a "friends and family" funding round. Since then it has been about a year, and we are going to do another round. During that time I, and the two other co-founders, have been working about 20 hours a week (in addition to our unrelated "day jobs") to keep the company growing and expanding. At the upcoming round, are we allowed to include these "uncompensated work hours" (fair market rate * hours) alongside the newly raised funds, and so be diluted less then the investors from a year ago (who have not added uncompensated value in that time as we have)?
