3. Three years ago, you founded Outdoor Recreation, Inc., a retailer specializing in the sale of equipment and clothing for recreational activities such as camping, skiing, and hiking. So far your company has gone through three funding rounds:

Round Date Investor. Shares Issued. Share Price ($)

Series A Feb. 2007 You. 500,000. 1.00

Series B. Aug. 2008. Angels 1,000,000. 2.00

Series C. Spt. 2009 Venture Capital. 2,000,000 3.50