Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2. Three years ago, you founded your own company. You invested $114,000 of your own money and received 5.7 million shares of Series A preferred
2.
Three years ago, you founded your own company. You invested $114,000 of your own money and received 5.7 million shares of Series A preferred stock. Your company has since been through three additional rounds of financing. Round Price ($) Number of Shares Series B 0.65 1,000,000 Series C 4.00 700,000 Series D 6.50 550,000 a. What is the pre-money valuation for the Series D funding round? b. What is the post-money valuation for the Series D funding round?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started