Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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%
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