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3 pts Question 6 The startup PhoCo is going out to raise a B Round. However, as a co-founder, you need to be careful about
3 pts Question 6 The startup PhoCo is going out to raise a B Round. However, as a co-founder, you need to be careful about pricing this round, based on clauses in your earlier rounds of funding. The company has raised 2 rounds of financing. Your first round, in the early days of the company, was a Seed Round of $650k in exchange for 300,000 shares, equal to 22% of the company. This was a typical seed round, with no Liquidation Preferences and no Anti-dilutia clauses. The second round, which was very difficult to raise, was an A Round of $1.8 million, in exchange for 282,000 shares. Given the market at the time, you were forced to give the VCs Anti- dilution protection, but were able to avoid Liquidation Preferences. What price per share will you have to reach on the B Round to avoid the Anti-Dilution clause of the A Round being triggered? Please post your answer in dollars (not abbreviated), with no "$" dollar sign
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