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1.7. Assuming it is a seed stage firm with no existing investors, what annualized return is embedded in the startup company's anticipation? 1.8. Suppose the

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1.7. Assuming it is a seed stage firm with no existing investors, what annualized return is embedded in the startup company's anticipation? 1.8. Suppose the founder wants to have a venture investor inject $15,000,000 in three rounds of $5,000,000 at time 0, 1 and 2 with time 5 exit value of $300,000,000. If the founder anticipates returns of 70%, 50% and 30% for round 1, 2 and 3, respectively, what percent of ownership is sold during the first round? During the second round? During the third round? What is the founders' year-five ownership percentage? 1.9. Assuming the founder will have 10,000 shares, how many shares will be issued in rounds 1, 2 and 3 (at times 0, 1 and 2)? 1.10. What is the second round share price derived from the answers in sub-questions 8 and 9? 1.7. Assuming it is a seed stage firm with no existing investors, what annualized return is embedded in the startup company's anticipation? 1.8. Suppose the founder wants to have a venture investor inject $15,000,000 in three rounds of $5,000,000 at time 0, 1 and 2 with time 5 exit value of $300,000,000. If the founder anticipates returns of 70%, 50% and 30% for round 1, 2 and 3, respectively, what percent of ownership is sold during the first round? During the second round? During the third round? What is the founders' year-five ownership percentage? 1.9. Assuming the founder will have 10,000 shares, how many shares will be issued in rounds 1, 2 and 3 (at times 0, 1 and 2)? 1.10. What is the second round share price derived from the answers in sub-questions 8 and 9

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