2. Suppose you need a total of $100M in financing, $40M of which is needed right away and remainder in one year. Next year, news about product development prospects will have come out. Probability of good news is 80% with certain payoff of $400M. Probability of bad news is 20% with 10% chance of success (payoff $400M) and 90% chance of complete failure of product.

What is value of company with staging? Without staging? Why is value different?WhatistheVCownershipandfounderownershipiffundingisnotstaged?WhatisVCownershipandfounderownershipiffundingisstaged