Question
1/4 You are an early stage angel investor who invests $75,000 into a promising a startup. Because this startup is so early stage you are
1/4
You are an early stage angel investor who invests $75,000 into a promising a startup. Because this startup is so early stage you are unsure how to value the company so you agree to invest using a SAFE. The terms of the SAFE give you a 25% discount on the next funding round, and convert to equity with a $1.5M minimum qualified financing. The SAFE does not specify any interest accrual (there is none). When the company you invest in raises a Series A round in the future of $2.25M at $2/share, what is the price per share that your $75,000 investment gets to purchase shares at?
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