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3. Sally Smith is the founder of a start-up software firm that has AI software for the medical market. She initially invested $200,000 and owned

image text in transcribed 3. Sally Smith is the founder of a start-up software firm that has AI software for the medical market. She initially invested $200,000 and owned 100% of the company. A series A round raised $1,000,000 for 40% of the company and Sally is seeking a series B round for $2,000,000 and a 25% interest in the company. What is the ownership of Sally after the B round? a. 45% b. 60% c. 30% d. 40% 3. Sally Smith is the founder of a start-up software firm that has AI software for the medical market. She initially invested $200,000 and owned 100% of the company. A series A round raised $1,000,000 for 40% of the company and Sally is seeking a series B round for $2,000,000 and a 25% interest in the company. What is the ownership of Sally after the B round? a. 45% b. 60% c. 30% d. 40%

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